acceptance of drawee

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• acceptance — I noun accedence, acceptio, accession, accordance, acknowledgment, acquiescence, adoption, agreement, allowance, approbation, approval, assent, assurance, compliance, comprobatio, concordance, consent, endorsement, ratification, receipt,… …   Law dictionary

• acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …   Black's law dictionary

• acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …   Black's law dictionary

• acceptance — A time draft that has been accepted for payment. See banker s acceptance. American Banker Glossary Contractual agreement instigated when the drawee of a time draft accepts the draft by writing the word accepted thereon. The drawee assumes… …   Financial and business terms

• acceptance of bill of exchange — The drawee s signed engagement to honor the bill as presented; the signification by the drawee of his assent to the order of the drawer and his agreement to pay the bill when it falls due. 11 Am J2d B & N § 500. The contract of the acceptor, by… …   Ballentine's law dictionary

• acceptance of check — The certification of a check. The purpose and effect of procuring a check to be accepted or certified by the bank on which it is drawn is to impart strength and credit to the paper by obtaining an acknowledgment from the bank that the drawer has… …   Ballentine's law dictionary

• acceptance au besoin — /akseptons 6w bazwaen/ Fr. acceptance in case of need An acceptance by one whom a bill is drawn au besoin, that is, in case of refusal or failure of the drawee to accept See also acceptance …   Black's law dictionary

• acceptance au besoin — /akseptons 6w bazwaen/ Fr. acceptance in case of need An acceptance by one whom a bill is drawn au besoin, that is, in case of refusal or failure of the drawee to accept See also acceptance …   Black's law dictionary

• acceptance for honor — The acceptance of a bill of exchange by a person other than the drawee, voluntarily and without consideration. It is allowed for the convenience of commerce, that such a person may, after presentation, refusal, and protest, accept for the honor… …   Ballentine's law dictionary

• drawee — 1) The person on whom a bill of exchange is drawn (i. e. to whom it is addressed). The drawee will accept it (see acceptance) and pay it on maturity. 2) The bank on whom a cheque is drawn, i. e. the bank holding the account of the individual or… …   Big dictionary of business and management

• acceptance house — noun or accepting house : a banking institution in England specializing in financing foreign trade by allowing the use of its name as drawee on bills of exchange and by frequently acting also as fiscal agent and financial adviser (as for foreign… …   Useful english dictionary