„Trade Acceptance“
What does Trade Acceptance stand for?
A draft drawn by the seller of goods upon the buyer who agrees to pay by signing “accepted” on the draft.
Source:
Financial and BankingView all itemsKrugman, Paul R., Obstfeld, Maurice. & Melitz, Marc. “International Economics: Theory & Policy.” 11th edition, Pearson, 2017, pp. 231-234.