Bill for acceptance. The name given to a bill of exchange (draft) which is to be presented to the
drawee (the one upon whom it is drawn) for acceptance by him, wh'ich consists in his writing on
the face of the bill the word "Accepted," which is equivalent to a promise to pay it when it becomes
due. (Also see Bill for payment). When accompanied by. documents a bill for acceptance is called
a documentary bill for acceptance, or for short, a document for acceptance.
drawee (the one upon whom it is drawn) for acceptance by him, wh'ich consists in his writing on
the face of the bill the word "Accepted," which is equivalent to a promise to pay it when it becomes
due. (Also see Bill for payment). When accompanied by. documents a bill for acceptance is called
a documentary bill for acceptance, or for short, a document for acceptance.
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