trade acceptance

Definition of "trade acceptance"
  1. A bill of exchange for a particular purchase, drafted by the seller and accepted by the buyer, which usually includes the location of payment, such as a bank
How to use "trade acceptance" in a sentence
  1. The seller created a trade acceptance to receive payment for the completed purchase.
  2. The buyer had to sign the trade acceptance indicating their agreement to the payment terms.
  3. The bank was listed as the place of payment in the trade acceptance document.

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