- The acceptor is the third party who accepts responsibility for payment in a bill of exchange drawn upon it. The bill of exchange will generally have three parties: the drawor, the drawee and the acceptor.
The simplest example of an acceptor is a bank who accepts a check drawn against it and assumes responsibility for payment of the check. Company XYZ has paid Electric Company ABC through a check drawn against Bank DEF. When Electric Company ABC presents the check for payment, and the bank agrees to pay the check, it becomes the "acceptor."
Investment dictionary. Academic. 2012.
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Acceptor — may refer to: * Acceptor (accounting), the addressee of a bill of exchange. * In the Indian Contract Act of 1872, the acceptor is the person to whom a proposal is made, and who has communicated his or her acceptance of the said proposal. * In… … Wikipedia
acceptor — ac‧cept‧or [əkˈseptə ǁ ər] also accepter noun [countable] BANKING a financial institution that accepts a bill of exchange: • In the case of bank bills, the Bank has to be sure that the acceptor bank will be in a position to pay. * * * … Financial and business terms
acceptor — ACCEPTÓR, acceptori, s.m. (fiz.) Atom trivalent care introdus într un semiconductor primeşte electroni de la un atom din reţeaua cristalină a acestuia. – Din fr. accepteur. Trimis de ana zecheru, 30.08.2002. Sursa: DEX S 88 acceptór adj. m., s … Dicționar Român
ACCEPTOR — vox Latio veteri cognita, teste Sosipatrô l. 10. in usum dein revocata a Scriptoribus medii aevi et in LL. antiquis frequens: in Salica tit. 7. §. 1. 2. 3. Burgund. add. 1. c. 11. Longobard. tit. 104. §. 18. 19. 20. etc. accipitrem notat. qui… … Hofmann J. Lexicon universale
Acceptor — Ac*cept or (#; 277), n. [L.] One who accepts; specifically (Law & Com.), one who accepts an order or a bill of exchange; a drawee after he has accepted. [1913 Webster] … The Collaborative International Dictionary of English
acceptor — index bearer, customer, devisee, donee, feoffee, grantee, heir, payee, transferee … Law dictionary
acceptor — [ak sep′tər, əksep′tər] n. [L] 1. one who accepts; specif., a person who signs a promise to pay a draft or bill of exchange 2. Chem. an atom that receives a pair of electrons from another atom to form a covalent bond with it 3. Electronics an… … English World dictionary
acceptor — /ak sep teuhr/, n. 1. accepter. 2. Finance. a person who accepts a draft or bill of exchange, esp. the drawee who signs the draft or bill, confirming a willingness to pay it when due. 3. Also called acceptor atom, acceptor impurity. Physics. an… … Universalium
Acceptor — Latin term for a hawk. The word was qualified by many adjectives. For example, acceptor de pertica = a hawk off the perch; acceptor mutatus = a mewed hawk; acceptoricius canis = a spaniel accompanying hunts with hawks. Cf. Mew … Dictionary of Medieval Terms and Phrases
acceptor — akceptorinė priemaiša statusas T sritis chemija apibrėžtis Kristalo atomai, gebantys prisijungti elektroną iš valentinės zonos. atitikmenys: angl. acceptor; acceptor impurity rus. акцептор; акцепторная примесь ryšiai: sinonimas – akceptorius … Chemijos terminų aiškinamasis žodynas