trade acceptance Synonyms
No Synonyms and anytonyms found
trade acceptance Meaning
Wordnet
trade acceptance (n)
a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
trade acceptance Sentence Examples
- The trade acceptance served as a binding promise by the buyer to pay for the purchased goods at a specified future date.
- The seller sent a trade acceptance to the buyer, requesting acceptance and payment within 30 days.
- Upon acceptance, the trade acceptance became an unconditional obligation on the buyer's part.
- Banks often discounted trade acceptances, providing businesses with liquidity before the payment due date.
- The trade acceptance was a common method of payment for transactions involving large sums of money.
- The use of trade acceptances facilitated international trade by providing a secure and negotiable instrument.
- The buyer's acceptance of the trade acceptance created a legal contract, with failure to pay resulting in potential legal consequences.
- The trade acceptance system promoted creditworthiness and financial stability within the business community.
- The rise of electronic payments gradually reduced the prevalence of trade acceptances.
- Today, trade acceptances are primarily used in specific industries where paper-based transactions remain prevalent.
FAQs About the word trade acceptance
a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
No synonyms found.
No antonyms found.
The trade acceptance served as a binding promise by the buyer to pay for the purchased goods at a specified future date.
The seller sent a trade acceptance to the buyer, requesting acceptance and payment within 30 days.
Upon acceptance, the trade acceptance became an unconditional obligation on the buyer's part.
Banks often discounted trade acceptances, providing businesses with liquidity before the payment due date.
