Acceptor is the person who accepts a Bill of Exchange drawn on him/her.
Until he accepts it, he is called the drawee. By accepting the bill, the acceptor undertakes to pay the person presenting the bill, the face value of the bill.
Webster Dictionary Meaning
1. Acceptor- One who accepts
- one who accepts an order or a bill of exchange; a drawee after he has accepted.
Category: Banking & Finance
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