Acceptance credit is 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 exporter can draw a bill of exchange. Once accepted by the bank, the bill can be discounted on the money market or allowed to run to maturity. Research Acceptance Credit
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Matt and Leela Probert
Abbreviations
Research Acceptance Credit
