Español
FrançaisThe date on which a draft was signed. For drafts drawn at “X days from sight”, the acceptance dates begins the time period toward maturity.
Read MoreAcceptance letter of credit
A letter of credit, which requires, amongst the documents stipulated, provision of a term bill of exchange. The bill is then generally accepted by the bank on which it is drawn or discount. The practical result is that the beneficiary…
Read MoreAccepting bank
In a letter of credit, this is the financial institution that executes a banker´s acceptance.
Read MoreAccessions
Goods that are affixed to and become part if other goods. Examples includes semiconductors that are inserted into computers, parts that are added onto vehicles, or dials that are used in watches.
Read MoreAccessorial charges
In shipping, charges made for additional, special or supplemental services, normally over and above the line haul services. Common accessorial charges include: congestion surcharges, currency adjustment factors (CAF) and terminal handling charges (THC). Also called surcharge.
Read More
