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Dictionary definition: accepting house
- Article from:
- A Dictionary of Economics
- Author:
Copyright© A Dictionary of Economics 2002, originally published by Oxford University Press 2002. (Hide copyright information)
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accepting house
A financial firm that is willing to accept
bills of exchange
, that is, to guarantee that they will be paid on the due date. An accepting house uses its financial reputation to earn a fee for acceptance, and ...
Related newspaper, magazine, and journal articles:
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Article: Ronald H. Brown
Encyclopedia of World Biography;
700+ words
... ... As the debate dragged on, reported Time magazine, "Brown let it be known that he was unwilling to finesse the issue by accepting house privileges without full membership." Finally, fraternity members rallied to his side, provoking their expulsion by the ...
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