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accepting house

a financial institution that guarantees a bill of exchange, as a result of which it can be discounted on more favourable terms
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Historical Examples
  • The bill will be drawn on a London accepting house, to whom the English merchant is liable for its due payment.

    International Finance Hartley Withers

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