trade acceptance
A bill of exchange for the amount of a specific purchase, drawn on and accepted by the buyer for payment at a specified time. [Cases: Bills and Notes 1. C.J.S. Bills and Notes; Letters of Credit §§ 2–3, 5–6, 8–9, 17–18, 22.]
A bill of exchange for the amount of a specific purchase, drawn on and accepted by the buyer for payment at a specified time. [Cases: Bills and Notes 1. C.J.S. Bills and Notes; Letters of Credit §§ 2–3, 5–6, 8–9, 17–18, 22.]