Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does accepting bank mean?

Suggestion/Report Error
accepting bank

A bank to which another bank sends a letter of credit (L/C) on behalf of a client, accepts the L/C by countersigning (endorsing) it, and incurs the obligation to pay the L/C upon its maturity.

© 2015-2023 Pecunica LLC.  All rights reserved.