trade acceptance

American  

noun

1. a bill of exchange drawn by the seller of goods on the buyer, and accepted by the buyer for payment at a future date.

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Etymology

Origin of trade acceptance

First recorded in 1915–20

Example Sentences

It was he who stimulated the trade acceptance, or bill, market in the U. S., whereby a merchant with time paper on his hands could easily discount it at a bank.

From Time Magazine Archive

First, the widely-urged trade acceptance went into the discard; next, the volume of bankers acceptances sharply diminished.

From Time Magazine Archive

A trade acceptance is a dated I. 0.

From Time Magazine Archive