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Dictionary definition: acceptance credit
- Article from:
- A Dictionary of Accounting
- Author:
Copyright© A Dictionary of Accounting 1999, originally published by Oxford University Press 1999. (Hide copyright information)
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acceptance credit
A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer whom it deems creditworthy. An acceptance credit is opened ...
Related newspaper, magazine, and journal articles:
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Article: Major news items in leading Australian newspapers
Xinhua News Agency;
November 12, 2005 ;
323 words
... ... Saturday: The Australian: -- The Iraqi government has suspended all future orders for Australian wheat until the wheat exporter pays back money used as kickbacks to prop up Saddam Hussein's regime. The Sydney Morning Herald: -- Eight Sydney men accused ...
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