{"id":3119,"date":"2018-11-25T13:24:27","date_gmt":"2018-11-25T13:24:27","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?page_id=3119"},"modified":"2019-09-11T10:54:58","modified_gmt":"2019-09-11T09:54:58","slug":"acceptance","status":"publish","type":"page","link":"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/","title":{"rendered":"Acceptance (also, acc.)"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>DEFINITION of\u00a0Acceptance<\/strong><\/p>\n<p style=\"text-align: justify;\">The agreement was written on a draft and signed by the drawee &#8211; who becomes the <a href=\"https:\/\/traders-paradise.com\/trading-dictionary\/a\/acceptor\">acceptor<\/a> &#8211; to pay the specified amount on the due date. The term is also applied to the accepted time draft itself.<\/p>\n<p style=\"text-align: justify;\"><strong>WHAT IT IS IN ESSENCE<\/strong><\/p>\n<p style=\"text-align: justify;\">Acceptance is a type of time draft used particularly in international trade. If it is drawn directly by the seller of goods on the buyer, it is called a trade acc or trade bill. It can also be issued by finance companies or banks and used as a means of financing trade. A banker&#8217;s acceptance (BA), also called bank bill, is an acc drawn on and accepted by a bank.<\/p>\n<p style=\"text-align: justify;\">Such bills are sold by banks at a discount. They can be redeemed with the same or other accepting banks at face value within a short timeframe. As such, the paper is effectively a bank-backed, short-term, non-interest bearing note and qualifies as a money market instrument.<\/p>\n<p style=\"text-align: justify;\"><strong>HOW TO USE<\/strong><\/p>\n<p style=\"text-align: justify;\">A banker&#8217;s acceptance\u00a0is a promised future payment. It is accepted and guaranteed by a bank and drawn on a deposit at the bank.\u00a0 It specifies the amount of money, the date, and the person to whom the payment is due.<\/p>\n<p style=\"text-align: justify;\">A banker promises to pay the exporting firm a specific amount on a specific date. A banker&#8217;s acceptance is simply an order for a bank to pay a specified party at a later date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEFINITION of\u00a0Acceptance The agreement was written on a draft and signed by the drawee &#8211; who becomes the acceptor &#8211; to pay the specified amount on the due date. The term is also applied to the accepted time draft itself. WHAT IT IS IN ESSENCE Acceptance is a type of time draft used particularly in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6730,"parent":3010,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-3119","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Acceptance (acc.) | Financial Dictionary | Traders Paradise<\/title>\n<meta name=\"description\" content=\"Acceptance is a bill of exchange that binds one party (the acceptor) to pay a specific amount to another at a stated time in the future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acceptance (acc.) | Financial Dictionary | Traders Paradise\" \/>\n<meta property=\"og:description\" content=\"Acceptance is a bill of exchange that binds one party (the acceptor) to pay a specific amount to another at a stated time in the future.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/\" \/>\n<meta property=\"og:site_name\" content=\"Traders-Paradise\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradersParadisecom\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-11T09:54:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/acceptance-also-acc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@Traders_Paradis\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/\",\"name\":\"Acceptance (acc.) | Financial Dictionary | Traders Paradise\",\"isPartOf\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/acceptance-also-acc.jpg\",\"datePublished\":\"2018-11-25T13:24:27+00:00\",\"dateModified\":\"2019-09-11T09:54:58+00:00\",\"description\":\"Acceptance is a bill of exchange that binds one party (the acceptor) to pay a specific amount to another at a stated time in the future.\",\"breadcrumb\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/a\/acceptance\/#primaryimage\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/acceptance-also-acc.jpg\",\"contentUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/acceptance-also-acc.jpg\",\"width\":960,\"height\":720,\"caption\":\"A written promise by a buyer to the seller to pay a given sum. 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