Acceptor
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
Previous: ← Acceptance Form
Next: Acceptance Credit →
More from this Section
- Bank run (bank panic)
Bank run (bank panic) is a series of unexpected cash withdrawals caused by a sudden decline ... - Financial hedge
Financial hedge refers to an off-setting debt obligation (such as a loan) or some type ... - Holding company
Holding company is a company which controls another company, usually by owing more than ... - Incentive-compatible
... - Riegle-Neal Interstate Banking and Branching Efficiency Act
Riegle-Neal Interstate Banking and Branching Efficiency Act is the federal law passed ...