Business / Finance / Acceptance: Contractual agreement instigated when the drawee of a time draft 'accepts' the draft by writing the word 'accepted' thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of credit and banker's acceptance.
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Conditional Acceptance-Admission

Life Style / College / Conditional Acceptance-Admission: Acceptance letter offering a place in a university or college program to an academically qualified student, subject to meeting a specified condition (often completion of English language studies or ac MORE


Life Style / College / Application-Acceptance-Admission: The process by which a prospective student submits the required forms and credentials to his/her chosen institution. Application criteria may include one or more of the following: previous academic re MORE

Bankers Acceptance

Business / Finance / Bankers Acceptance: A short-term credit investment created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have MORE

Eligible Bankers Acceptances

Business / Finance / Eligible Bankers Acceptances: An index based on the average yield of 11 municipal bonds that mature in 20 years and carry an average AA rating. The eleven bonds used to calculate the index are also found in the 20 bond index, whic MORE

Offer And Acceptance

Business / Real Estate / Offer And Acceptance: Two essential components of a valid contract, a meeting of the minds. MORE

Trade Acceptance

Business / Finance / Trade Acceptance: An oral (or electronic) transaction involving one party buying a security from another party. Once a trade is consummated, it is considered 'done' or final. Settlement occurs 1-5 business days later. MORE