TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

acceptance financing [1 record]

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Alphabetical list of terms

Record 1 2017-08-31

English

Subject field(s)
  • Banking
  • Loans
  • Foreign Trade
DEF

An arrangement by which a bank extends to an exporter or importer a line of credit, known as the acceptance facility, to finance the purchase or sale of goods. The borrower draws against the line of credit by drawing drafts, with future maturity dates, upon the bank; the bank will accept such drafts, up to the amount of the acceptance facility, with maturities thirty, sixty or ninety days hence.

French

Domaine(s)
  • Banque
  • Prêts et emprunts
  • Commerce extérieur

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Préstamos
  • Comercio exterior
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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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