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单词 acceptance of a bill of exchange
释义

acceptance of a bill of exchange

Definition
Process by which a buyer (called a 'drawee') accepts the seller's bill of exchange by signing under the words 'accepted' on face of the bill. By this act, the drawee becomes the acceptor and converts the bill into a post-dated check an unconditional obligation to pay it on or before its maturity date.
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更新时间:2025/4/17 6:44:20