What does Accepting House mean?

Accepting House meaning in Finance Dictionary

An organisation, frequently a merchant bank, that accepts or guarantees expenses of change so funds trade discounts and items being transported. It takes the expenses by agreeing to pay for it at a discounted rate at some time later on.

Accepting House meaning in Law Dictionary

risk administration technique utilized as soon as the risk is appropriate.

Accepting House meaning in Business Dictionary

frequently a European business bank or non-bank standard bank, often within the exporter's country, which allows bills of trade drawn on it in the account of a creditworthy importer.