Home - Banking - Banking Terms - Define Acceptnace in Banking
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Define Acceptnace in Banking

This is drawee? acknowledgement of the LIABILITY on a BILL OF EXCHANGE, in writing on the instrument itself. A bill may also bear the co-acceptance by a bank, which is a guarantee to honour the instrument in the event of default by the drawee.

Get Daily Updates On Banking, Enter your email address:

For the latest Banking updates, follow AskBankings on Twitter, Facebook, and subscribe to our YouTube channel

Do You Want To Say Something :