„Accepted Draft“

What does Accepted Draft stand for?

A draft or a bill of exchange accepted by the drawee (acceptor) by putting his signature and “accepted’ on its face. In doing so, he commits himself to pay the bill upon presentation at maturity.

Source:

Moffett, Michael H., Stonehill, Arthur I., and Eiteman, David K. “Fundamentals of Multinational Finance.” 5th Edition, Pearson, 2015.

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