Contractual agreement instigated when the drawee of a time draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of credit and banker's acceptance.
Nearby TermsAcceleration clause Accelerator acquisitions Acceptance Accommodation Accommodation loan
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University