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Dictionary definition: London acceptance credit
- Article from:
- A Dictionary of Finance and Banking
Copyright© A Dictionary of Finance and Banking 1997, originally published by Oxford University Press 1997. (Hide copyright information)
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London acceptance credit
A method of providing immediate cash for a UK exporter of goods. On shipment of the goods the exporter draws a
bill of exchange
on the foreign buyer. The accepted bill is then pledged to a
merchant bank
in London, which ...
Related newspaper, magazine, and journal articles:
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Article: End in sight to logo war; Jockeys vote on new sponsorship ...
The Racing Post (London, England);
August 18, 1998 ;
700+ words
... ... asked to endorse proposals which emerged on Friday, when officials representing jockeys and owners met BHB executives in London. Acceptance could signal the introduction within four months of a scheme to display logos on breeches and other clothing, and estimated ...
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