Difference between revisions of "Acceptance (shipping)"

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(New page: '''Acceptance''' refers to either: *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 und...)
(No difference)

Revision as of 10:48, July 10, 2007

Acceptance refers to either:

  • 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.[1]

References

  1. ↑ U.S. Department of Transportation Maritime Administration [1]
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