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Glossary
  • Absorption
  • Accelerated Tariff Elimination
  • Acceptance
  • Acceptance Letter of Credit
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    ABC Trade in RussiaReason to Invest

    ABC / Acceptance

    1. A draft calling for payment at a future date which the drawee has agreed to pay by signing "Accepted" on the draft.

    2. An unconditional assent to an offer; or an assent to an offer conditioned on only minor changes that do not affect any material terms of the offer;

    3. An agreement to purchase goods on specified terms.

    4. Receipt of a shipment by a consignee thus terminating the liability of the carrier for delivery.
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