The acceptance of a bill of exchange debt by the drawee. By signing, he legally becomes the acceptor (acceptor, in older documents also corresponsal) with the obligation to pay the amount of the bill when due; in older documents also called acceptance. – A bill of exchange accepted by the bank. The customer usually discounts it at the bank and repays the institution the loan thus granted (acceptance credit) when the bill becomes due. – See drawee, cavata, discount, discount rate, idiograph, central bank eligibility, riding bill, return, bill of exchange, bill credit.

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