Acceptance Credit

A type of letter of credit which is paid by a time draft authorizing payment by a certain date or later only if the terms of the letter of credit have been fully satisfied.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization

Next Terms: Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser, Accommodation Paper, Account Activity, Account Aggregation, Account Code, Account Type, Account value, Accounting

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Acceptance Credit

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