What is the definition of Acceptance credit? | Dictionary.net

ACCEPTANCE CREDIT

\ɐksˈɛptəns kɹˈɛdɪt], \ɐksˈɛptəns kɹˈɛdɪt], \ɐ_k_s_ˈɛ_p_t_ə_n_s k_ɹ_ˈɛ_d_ɪ_t]\

Definitions of ACCEPTANCE CREDIT

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

When a bank sets up a credit facility for a creditworthy importer. The exporter can use the account. This is also called acceptance financing.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words