An accepting house (also known as an acceptance house) is a British institution specializing in accepting or guaranteeing bills of exchange. A service fee is charged for guaranteeing payment, enabling the bill to be discounted at preferential rates on the money market. The decline in the use of bills of exchange has forced the accepting houses to widen their financial activities, many of whom have returned to their original function of merchant banking. Research Accepting House
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Abbreviations
Research Accepting House
