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accepting house

British  

noun

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

"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

Example Sentences

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Brown said little, though he let it be known that he was unwilling to finesse the issue by accepting house privileges without full membership.

From Time Magazine Archive

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

From International Finance by Withers, Hartley

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.