Read Short & Simple Definitions Of Complex Legal Terms

A bill accepted when the buyer signs under the word accepted. They are now responsible to pay.

When a bank accepts a bill by countersigning it. The institution must now pay the bill before its maturation date. This is also called an advising bank.

A bank from the exporters country that accepts its bills from the importer.

A risk management technique used when the risk is acceptable.

A risk management technique used when the risk is acceptable.