Tag: Acceptance
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Special Acceptance
A qualified acceptance of a bill of exchange, as by stipulating for payment at a certain time or place. …
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Trade Acceptance
A draft or bill of exchange drawn by the seller on the purchaser of goods sold and accepted by such purchaser. See Luikart v Massachussetts Bonding & Ins. Co., 129 Neb. 771, 263 N. W. 124. A negotiable instrument. See Merson v Sun Ins. Co., 253 N. Y.S.2d51, 44 Misc.2d 131. The purpose of such…