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'''Acceptance''' refers to either:
 
'''Acceptance''' refers to either:
−
*a time draft (or bill of exchange) that the payer has accepted and is unconditionally obligated to pay at maturity
+
*a [[time draft]] (or bill of exchange) that the payer has accepted and is unconditionally obligated to pay at maturity
 
* any agreement to purchase [[goods]] under specified terms.<ref>U.S. Department of Transportation Maritime Administration [http://www.marad.dot.gov/publications/glossary/glossary.html]</ref>
 
* any agreement to purchase [[goods]] under specified terms.<ref>U.S. Department of Transportation Maritime Administration [http://www.marad.dot.gov/publications/glossary/glossary.html]</ref>
  
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