11 TermsHome > Terms > English, UK (UE) > Acceptance house
Acceptance house
An acceptance house guarantees payment of trade bills used to finance trade deals and goods in shipment. It ‘accepts’ the bills by agreeing to pay the bill at a discounted rate at a specific future date. Its profit is the difference between the discounted amount it guarantees to pay and the full amount of the trade bill that it undertakes to collect from the original creditor.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: General Finance
- Company: Reuters
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
mango smoothie
Mangos are hard fruits to find ripe, so mango smoothie recipes are enjoyed seasonally. Mangos have a very sweet taste and are quite juicy. The flavor ...
Contributor
Featured blossaries
Browers Terms By Category
- Nightclub terms(32)
- Bar terms(31)
Bars & nightclubs(63) Terms
- Electricity(962)
- Gas(53)
- Sewage(2)
Utilities(1017) Terms
- Organic chemistry(2762)
- Toxicology(1415)
- General chemistry(1367)
- Inorganic chemistry(1014)
- Atmospheric chemistry(558)
- Analytical chemistry(530)
Chemistry(8305) Terms
- Industrial lubricants(657)
- Cranes(413)
- Laser equipment(243)
- Conveyors(185)
- Lathe(62)
- Welding equipment(52)
Industrial machinery(1734) Terms
- Plastic injection molding(392)
- Industrial manufacturing(279)
- Paper production(220)
- Fiberglass(171)
- Contract manufacturing(108)
- Glass(45)