trade acceptance

(redirected from Accepted Draft)
Also found in: Dictionary, Financial.
Related to Accepted Draft: bank acceptance, Draft Bill of Exchange
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Words related to trade acceptance

a bill of exchange for a specific purchase

References in periodicals archive ?
However, in the Banco Santander/Paribas case in 1999--a case where fraud was discovered or at least alleged between the time documents were presented and the due date for payment--the English courts decided that a deferred payment undertaking was not as robust as an accepted draft.
Following a first reading by the European Parliament on 14 December 2000, EU environment ministers reached political agreement on a common position--that is, an accepted draft of the directive.
Last year, it submitted a specification for the technology to the IEEE 802 standards committee and expects an accepted draft this summer.
Ferrer said both sides remained focused on coming up with a "mutually accepted draft.
The New York branch purchased the accepted draft from us at a discount, wired the funds to us, and we shipped the next load of material to the customer.