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Read Short & Simple Definitions Of Complex Legal Terms
ACCEPTANCE SUPRA PRO
The authority of a manager to delegate tasks.
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ACCEPTANCE THEORY OF
A bill accepted when the buyer signs under the word accepted. They are now responsible to pay.
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ACCEPTED DRAFT
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.
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ACCEPTING BANK
A bank from the exporters country that accepts its bills from the importer.
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ACCEPTING HOUSE
A risk management technique used when the risk is acceptable.
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ACCEPTING RISK
A risk management technique used when the risk is acceptable.
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