accepting house

noun

  1. a financial institution that guarantees a bill of exchange, as a result of which it can be discounted on more favourable terms

Words Nearby accepting house

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

How to use accepting house in a sentence

  • The bill will be drawn on a London accepting house, to whom the English merchant is liable for its due payment.

    International Finance | Hartley Withers

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