acceptance credit
1Acceptance 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 …
2acceptance credit — A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer whom it deems creditworthy. An acceptance credit is opened against which the… …
3acceptance credit — A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer, whom it deems creditworthy. An acceptance credit is opened against which the… …
4acceptance credit — /ək septəns ˌkredɪt/ noun an arrangement of credit from a bank, where the bank accepts bills of exchange drawn on the bank by the debtor: the bank then discounts the bills and is responsible for paying them when they mature; the debtor owes the… …
5acceptance credit — noun : an authorization given by a bank to a specified beneficiary to draw drafts upon the bank up to a specified amount …
6irrevocable documentary acceptance credit — A form of irrevocable confirmed letter of credit in which a foreign importer of UK goods opens a credit with a UK bank or the UK office of a local bank. The bank then issues an irrevocable letter of credit to the exporter, guaranteeing to accept… …
7London acceptance credit — A method of providing immediate cash for a UK exporter of goods. On shipment of the goods the exporter draws a bill of exchange on the foreign buyer. The accepted bill is then pledged to a merchant bank in London, which accepts an accommodation… …
8Credit Card — A card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short term financing. Interest usually begins one month after a purchase is made… …
9acceptance commission — See: acceptance credit …
10Credit Solutions of America — Industry Financial Services Founded 2003 in Dallas, Texas Headquarters Richardson, Texas Products Debt settlement Website …
