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Definitions from WordNet

Definitions from the Web

Trade Acceptance

Description:

A trade acceptance is a written instrument that signifies the acceptance of a draft or bill of exchange by the party on whom it is drawn. It is commonly used in commercial transactions as a legally binding agreement by the buyer to pay a specified amount to the seller.

Senses:

Sense 1:

Noun: A financial instrument representing the acceptance of a draft or bill of exchange in a commercial transaction.

Related Products: Trade Acceptance Forms, Trade Finance

Sense 2:

Noun: The act of accepting or acknowledging a trade offer or trade agreement.

Related Products: Trade Negotiation, International Trade

Sense 3:

Noun: The consensus or approval of an industry, community, or group regarding the adoption or support of a particular trade or commercial practice.

Related Products: Trade Standards, Trade Associations

Sample Sentences:

1. The buyer signed the trade acceptance, confirming the agreement to pay the seller.

2. The bank required a trade acceptance before issuing a letter of credit.

3. The trade acceptance was promptly returned to the seller, indicating the buyer's acceptance of the draft.

4. The industry trade acceptance of sustainable practices led to the implementation of eco-friendly manufacturing processes.

5. The company gained credibility by obtaining trade acceptances from multiple reputable suppliers.