Acceptance credit
An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. There are two types of acceptance credit, confirmed and unconfirmed. Unconfirmed acceptance credit means that the seller takes the risk that payment will not be made, due to any number of contingencies such as shipment non-delivery, confiscation by customs authorities, or any other problems. Confirmed acceptance credit means that the bank upon which the credit has been issued, essentially guarantees payment as long as the terms of the letter of credit have been complied with.
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Acceptance credit
An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. There are two types of acceptance credit, confirmed and unconfirmed. Unconfirmed acceptance credit means that the seller takes the risk that payment will not be made, due to any number of contingencies such as shipment non-delivery, confiscation by customs authorities, or any other problems. Confirmed acceptance credit means that the bank upon which the credit has been issued, essentially guarantees payment as long as the terms of the letter of credit have been complied with.
has abstract
An acceptance credit is a type ...... ot require the issue of paper.
@en
Der Rembourskredit [rãbu:r–] i ...... er Warenhandel zugrunde liegt.
@de
Акцептно-рамбурсный кредит – о ...... ает чисто финансовый характер.
@ru
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Wikipage page ID
14,508,968
Wikipage revision ID
742,359,505
subject
hypernym
type
comment
An acceptance credit is a type ...... redit have been complied with.
@en
Der Rembourskredit [rãbu:r–] i ...... er Warenhandel zugrunde liegt.
@de
Акцептно-рамбурсный кредит – о ...... ля импортёром банку-акцептанту
@ru
label
Acceptance credit
@en
Rembourskredit
@de
Акцептно-рамбурсный кредит
@ru