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ac·ˈcept·ance cred·it N FIN

acceptance credit N INV-FIN

Specialized Vocabulary

acceptance credit N TRANS PROCESS

Specialized Vocabulary

docu·men·tary ac·ˈcept·ance cred·it N ECON, FIN

documentary acceptance credit N ECON LAW

Specialized Vocabulary

Monolingual examples (not verified by PONS Editors)

English
Confirmed acceptance credit is more expensive to establish than unconfirmed acceptance credit because the issuing bank is effectively guaranteeing payment.
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