Home page               Download material                Accounting topics                Accounting dictionary                Financial calculators

Home Accounting Dictionary Letter A Acceptor Definition
 
 

A   B   C   D   E   F   G   H   I   J   K     M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

 

Acceptor Definition:

The person who draws a bill of exchange is called the drawer and the person on whom the bill is drawn is called drawee. When drawee accepts the bill, i.e., has accepted liability, he is known as the acceptor. The normal form of acceptance is by signature on the face of the bill.

New Page 1

A D V E R T I S E M E N T

 

 

 

 

 

 

Home                         Download material                         Contact us                         Privacy policy                         Link to us                         Advertise

Copyright 2011