Acceptance House

   An acceptance house guarantees payment of trade bills used to finance trade deals and goods in shipment. It 'accepts' the bills by agreeing to pay the bill at a discounted rate at a specific future date. Its profit is the difference between the discounted amount it guarantees to pay and the full amount of the trade bill that it undertakes to collect from the original creditor.

Financial and business terms. 2012.

Look at other dictionaries:

  • acceptance house — noun or accepting house : a banking institution in England specializing in financing foreign trade by allowing the use of its name as drawee on bills of exchange and by frequently acting also as fiscal agent and financial adviser (as for foreign… …   Useful english dictionary

  • Acceptance (House) — House (TV series) episode episode name = Acceptance episode no = HOU 201 airdate = September 13, 2005 writer = Russel Friend and Garrett Lerner director = Dan Attias guest star = LL Cool J as Clarence diagnosis = Methanol poisoning and… …   Wikipedia

  • acceptance house — /əkˈsɛptəns haʊs/ (say uhk septuhns hows) noun a financial institution which specialises in handling bills of exchange for foreign trade. Also, British, accepting house …   Australian English dictionary

  • acceptance house — (U.K.) Econ, Fin an institution that accepts financial instruments and agrees to honor them should the borrower default …   The ultimate business dictionary

  • acceptance —   n. Commerce, agreement to pay bill of exchange when due.    ♦ acceptance house, merchant banker.    ♦ acceptance for honour, taking up of bill of exchange by person other than drawer to protect honour of party to bill …   Dictionary of difficult words

  • acceptance bank — ➔ bank1 * * * acceptance bank UK }} US }} noun [C] ► BANKING ACCEPTING HOUSE(Cf. ↑accepting house) …   Financial and business terms

  • Acceptance (disambiguation) — Acceptance is the experience of a situation without an intention to change that situation.Acceptance is the 5th stage of the Kübler Ross model (commonly known as the stages of dying).Acceptance may also refer to:* Acceptance (band), an… …   Wikipedia

  • House (TV series) — House Also known as House, M.D. Format Medical drama Mystery Dramedy …   Wikipedia

  • House of Orange-Nassau — Royal Coat of arms of the Netherlands Country Netherlands, England, Scotland, Ireland, Luxembourg, Orange, Nassau …   Wikipedia

  • House of Night — The first novel in the series Marked Betrayed Chosen Untamed Hunted Tempted Burned Awakened Destined …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.