Accept: Difference between revisions
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* [[Law]] | * [[Law]] | ||
* [[Mediation]] | * [[Mediation]] | ||
* [[Obligation]] | |||
* [[Offer]] | * [[Offer]] | ||
* [[Risk management]] | * [[Risk management]] | ||
Latest revision as of 19:12, 20 October 2022
1. Bills of exchange.
To sign a bill of exchange as a formal acknowledgement of the obligation to honour it, effectively guaranteeing payment and thereby enhancing the credit quality of the bill.
The party that accepts the bill is usually a bank, or sometimes another high quality credit.
The party accepting the bill is known as the acceptor.
A bill of exchange that has been accepted in this way is known as an acceptance.
2. Payment systems.
To be willing and able to transact with customers in relation to a particular payment method.
For example, to accept card transactions.
3. Risk management - risk responses.
To knowingly retain a risk, or to agree to the transfer of risk from someone else to ourselves.
4. Law - negotiation - conciliation - mediation.
To agree to an offer or proposal.
