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Glossary > A > "Acceptance" Definition

Acceptance

The writing of the word "accepted" on the face of a bill of exchange by the drawee together with his/her signature indicating that the bill will be paid when due.

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Acceptance \ The writing of the word "accepted" on the face of a bill of exchange by the drawee together with his/her signature indicating that the bill will be paid when due.

Acceptance / the writing of the word "accepted" on the face of a bill of exchange by the drawee together with his/her signature indicating that the bill will be paid when due.