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Investing Glossary:
Acceptance
Copyright 2008,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| Contractual agreement instigated when the drawee of a time Draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of Credit and banker`s acceptance.
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