Filter by Categories
Accounting
Banking

Finance




Trade Acceptance


A time draft that is drawn by a provider of goods and services on a buyer/ importer (the drawee), who accepts (by adding signature) to pay a certain amount of money by or on a preset future date. In this sense, it is similar to a banker’s acceptance (BA) except that it is drawn on and accepted by a counterparty (buyer/ importer) not a third-party bank.

This instrument is negotiable and marketable; that is it may be sold in secondary markets to an investor at a discount.



ABC
Finance, as a field of knowledge, is substantially wide-ranging and virtually encompasses everything in the realm of corporate finance, financial management, ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*