For all your dictionary needs!
Tip. You can look up words, expressions, names, titles...

Acceptance credit

Explanation

Acceptance credit: An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. There are two types of acceptance credit, confirmed and unconfirmed. Unconfirmed acceptance credit means that the seller takes the risk that payment will not be made, due to any number of contingencies such as shipment nondelivery, confiscation by customs authorities, or any other problems. Confirmed acceptance credit means that the bank upon which the credit has been issued, essentially guarantees payment as long as the terms of the letter of credit have been complied with.

Printed dictionaries and other books with definitions for Acceptance credit

Click on a title to look inside that book (if available):

Google previewFundamentals of Corporate Finance and Standard and Poors Educational Version of Market Insight (2016)

by CTI Reviews

An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date,

Google previewBusiness (2016)

by CTI Reviews

Acceptance credit: An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or...

Google previewFoundations of Financial Markets and Institutions (2016)

by CTI Reviews

Acceptance credit: An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment onor...

Google previewElements of Banking (2014)

Made Simple by Julia Hoyle, Geoffrey Whitehead

Acceptance credits An acceptance credit is a simple, easily arranged facility for financing both domestic and international trade. Its use in overseas trade is explained fully in Chapter 9. For inland transactions the arrangements are as follows: ...

Google previewInternationlisation of SMEs (2013)

How to succeed abroad ? by Kris Boschmans, Sylvain Bouyon, Frédéric Lernoux, Isabelle Martin, Didier Van Caillie

An export acceptance credit is a credit agreement in which the exporting company draws an acceptance draft on its bank after entering into commercial export transactions. The bank then undertakes to accept the draft and acquires ownership ...

Google previewInternational Trade Finance (2011)

A Practical Guide (2nd Edition) by Kwai Wing Luk

An Acceptance Credit An acceptance credit is a credit calling for acceptance of a draft drawn by the beneficiary on a bank. The bank nominated in the credit to effect acceptance of the credit may be the issuing bank itself, the advising bank ...

Google previewCorporate Finance (2007)

Theory and Practice by S R Vishwanath

Such a L/C is called acceptance credit. The seller can wait till maturity or get it discounted but the buyer has to pay only on maturity. An L/C contains: • Particulars of import licence, if any • The full address of the beneficiary • Brief description of ...

Google previewHandbook of Financial Planning and Control (2002)

by Robert P. Greenwood

ACCEPTANCE CREDITS The acceptance credit is a method of raising funds in the short term, usually for three months. The procedure is that the company draws a bill of exchange (that is, a promise to pay a sum of money at a fixed date in the ...

Google previewDictionary of International Banking and Finance Terms (2001)

by John Owen Edward Clark, Financial World Publishing

acceptance commission Commission charged by a bank for providing acceptance credit. acceptance credit Way of financing a sale to a foreign buyer in which a ...

Google previewDictionary of International Commerce (2012)

by W.J. Miller

ACCEPTANCE CREDIT. See ACCEPTANCE FINANCING. ACCEPTANCE FACILITY. See ACCEPTANCE FINANCING. ACCEPTANCE FINANCING ACCEPTANCE FINANCING. An arrangement by which a bank.

Google previewA Dictionary of Accounting (2016)

by Jonathan Law

An acceptance credit is opened against which the.

Google previewDictionary of International Business Terms (2001)

by John Owen Edward Clark

acceptance financing See acceptance credit. acceptance for honour Alternative term for acceptance supra protest. acceptance supra protest Situation that occurs when a bill of exchange is turned ...

Google previewA Dictionary of Business and Management (2016)

by Jonathan Law

acceptance credit A means of financing ...

Google previewDictionary of Finance, Investment and Banking (2016)

by E. Banks

ACCEPTANCE CREDIT (1) In international TRADE, a common means of FINANCING the sale of goods, where a COMMERCIAL BANK, MERCHANT BANK, or ACCEPTING HOUSE grants a CREDIT line to a foreign importer; an exporter in ...

Google previewA Dictionary of Finance and Banking (2014)

by Oxford University Press

acceptance credit A means of financing ...

Google previewInternational Dictionary of Banking and Finance (2013)

by John Clark

acceptance credit Way of financing a sale to a foreign buyer in which a commercial ...

Google previewDictionary of International Investment and Finance Terms (2001)

by John Owen Edward Clark

acceptance credit A way of financing a sale to a foreign buyer in which a commercial bank or merchant bank provides a credit to the foreign ...

Google previewDictionary of International Accounting Terms (2001)

by John Owen Edward Clark

acceptance commission Commission charged by a bank for providing acceptance credit. acceptance credit Way of financing a sale to a foreign buyer in which a commercial or merchant bank provides ...

Google previewMacmillan Dictionary of Business and Management (1987)

by Richard Lamming, John Bessant

acceptance credit defects which are acceptable in a given batch of output from production. acceptance credit. A form of CREDIT in international trade. An ACCEPTING HOUSE in one country agrees to accept bills of exchange drawn by ...

Google previewDictionary of Economics (2006)

by S.N. Chand

ACCEPTANCE CREDIT It is a method of payment which is widely used in inland and international trade. If the credit of a foreign import merchant is regarded satisfactory an accepting house may open an acceptance credit for him in a bank.

Google previewSterling Dictionary of Business Terms (2006)

by Patricia Fernando, Chandrabanu Samaraweera

Acceptance credit A means of financing the sale of goods, particularly in intemational trade. It involves a commercial bank or merchant bank extending credit to a foreign importer whom it considers creditworthy. Acceptance supra protest ...

Google previewDictionary of International Trade Finance Terms (2001)

by Mike Hammett

London acceptance credit The credit of an exporter with a London bank or accepting house, on which bills of exchange may be drawn (within specified limits of amount and timing). The lender may requite security for such an arrangement.

Online dictionaries and encyclopedias with entries for Acceptance credit

Click on a label to prioritize search results according to that topic:

Share this page


Privacy Policy | Cookies Policy
Keyword Tool | Romanian-English Dictionary