trade acceptance
(redirected from Accepted Draft)Also found in: Dictionary, Financial.
Related to Accepted Draft: bank acceptance, Draft Bill of Exchange
- noun
Also found in: Dictionary, Financial.
References in periodicals archive
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Last year, it submitted a specification for the technology to the IEEE 802 standards committee and expects an accepted draft this summer.
These guarantees are transaction-specific and may be evidenced by a variety of underlying instruments such as: letters of credit, trade-related promissory notes, accepted drafts, bills of exchange, guarantees, bid and performance bonds and advance payment guarantees.
Noor will provide Islamic financial solutions, including packing and post shipment finance, secured against confirmed orders or bank accepted drafts for the first leg of shipment financing," added Al Qemzi.
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