 | 1928 - 984 pages
...certain in dollars to the order of a specified person; and a trade acceptance is defined as a draft or bill of exchange, drawn by the seller on the purchaser of goods sold,2 and accepted by such purchaser. (b) Evidence of eligibility and requirement of statements. —... | |
 | Hubert Howe Bancroft - 1917 - 708 pages
...time, a sum certain in dollars to the order of a specified person ; and "A trade acceptance is defined as a bill of exchange drawn by the seller on the purchaser of the goods sold, and accepted by such purchaser." Bankers' Acceptances The same regulation also explains... | |
 | George Washington Miner, Fayette Herbert Elwell - 1918 - 296 pages
...merchandise is called a trade acceptance, a term denned by the Federal Reserve Board as follows: A draft, or bill of exchange, drawn by the seller on the purchaser of goods sold, and accepted by the purchaser. 'Jfhe trade acceptance is coming into use by manufacturers, wholesalers, and jobbers,... | |
 | James Williams Baker - 1918 - 316 pages
..."Acceptance." AH Miller's acceptance means a time draft drawn on AH Miller and accepted by him. 1f 2. A Trade Acceptance is defined by the Federal Reserve Board as "a bill of exchange (time draft) drawn by the seller on the purchaser of goods sold, and accepted by such purchaser", this... | |
 | George Washington Miner, Fayette Herbert Elwell - 1918 - 456 pages
...called a trade acceptance, a term denned by the Federal Reserve Board as follows: A draft, or hill of exchange, drawn by the seller on the purchaser of goods sold, and accepted by the purchaser. The trade acceptance is coming into use by manufacturers, wholesalers, and jobbers,... | |
 | Guaranty Trust Company of New York - 1919 - 86 pages
...former case, it is the buyer who accepts the draft; in the latter it is the bank. Definition A banker's acceptance is defined by the Federal Reserve Board as "a bill of exchange of which the acceptor is a bank or trust company, or a firm, person, company or corporation engaged... | |
 | Sietse Bernard Koopman, Roy Bernard Kester - 1921 - 520 pages
...customer. Definition of the Trade Acceptance. — The Federal Reserve Board defines a trade acceptance as " a bill of exchange drawn by the seller on the purchaser of the goods sold and accepted by such purchaser." Disadvantages of the Open Account. — Experience of... | |
 | Alexander Wall - 1921 - 280 pages
...certain in dollars to the order of a specified person; and a trade acceptance is defined as a draft or bill of exchange, drawn by the seller on the purchaser of goods sold,1 and accepted by such purchaser. (b) EVIDENCE OF ELIGIBILITY AND REQUIREMENT OF STATEMENTS. —... | |
 | William Leslie Musick - 1921 - 264 pages
...accepted, and is treated in the books as Notes Receivable, the same as any other note or acceptance. It is defined by the Federal Reserve Board as a "Bill of Exchange" (time draft) drawn by the seller of goods on the purchaser, and accepted by the purchaser. It is virtually... | |
 | James Williams Baker - 1922 - 396 pages
...collection charge. If the draft is not paid upon presentation, it will be returned to Anderson Bros. § 94. A Trade Acceptance is defined by the Federal Reserve Board as "a bill of exchange (time draft) drawn by the seller on the purchaser of goods sold, and accepted by such purchaser," this... | |
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... writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay in the United States, at a fixed or determinable future time, a sum certain in dollars to the order of a specified person;... 
