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accepting house

British

noun

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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