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Home > QFINANCE Dictionary > Definition of acceptance credit

Definition of

acceptance credit

Banking

facility for seller to draw bill of exchange a letter of credit granted by a bank to a buyer (the "applicant") against which a seller (the "beneficiary") can draw a bill of exchange

Definitions of ’acceptance credit’ and meaning of ’acceptance credit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’acceptance credit’ and other financial terms with our online QFINANCE Financial Dictionary.

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