Moneycontrol
Get App
YOU ARE HERE > Moneycontrol > Trading Terms > Glossary

Trading Terms

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

Qualified acceptance

An acceptance which in express terms varies the effect of the bill of exchange as drawn, and may be any of the following:
Conditional: pays by the acceptor dependent on the fulfilment of a condition.
Partial: pays part of the amount only for which the bill is drawn.
Local: pays only at a particular or specified place.
Qualified as to Time: a bill drawn for two months accepted payable in three months.
Acceptance by some Drawees only: the holder may refuse to take a qualified acceptance and if they do not obtain an unqualified acceptance they may treat the bill as dishonoured.

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant