What does it mean to accept?

Acceptance refers to bank acceptance bill, which is a kind of bill paid by bank credit guarantee at maturity. Because it is a bank credit with good liquidity, the acceptance bill can be endorsed and transferred, so it can be endorsed and transferred before maturity.

In fact, acceptance is a promise to give money when it is due. The bill behavior that the payer promises to pay the bill amount on the bill maturity date. Only draft is accepted.

(1) Contents:

1. When accepting a bill of exchange, the drawee shall record the word "acceptance" and the date of acceptance on the front of the bill, and sign and pay regularly after seeing the bill. The date of payment shall be recorded at the time of acceptance.

2. When the drawee accepts a bill of exchange, no conditions shall be attached. If the acceptance conditions are attached, it will be regarded as rejection of acceptance.

3. After accepting the bill of exchange, the drawee shall bear the responsibility for payment when due.

(2) Distinguish the validity of acceptance from other conditional bills of exchange:

1. Conditional payment when issuing tickets: the bill is invalid.

2. Conditional endorsement: the endorsement is valid, and the conditions have no legal effect on the bill.

3. Additional conditions of the letter of guarantee: the letter of guarantee is valid, and the additional conditions are regarded as no record.

4. Conditional acceptance: regarded as rejection.

Extended information:

Accepting really means keeping your promise, and keeping your promise after a period of time. Just like when you were at school, your parents promised to reward you with 100 yuan as long as you got 100. This is a promise; When you really scored 100, your parents rewarded you with 100 yuan, which is called cashing; Acceptance is usually used for commercial bills between enterprises. There are two ways to accept commercial bills, one is bank acceptance, the other is enterprise acceptance (commonly known as commercial acceptance). Bank acceptance is a good credit. As long as the bank accepts it, it will basically pay you in full (even if your current company account has no money). This is the credit of the bank; But commercial acceptance is different, that is, the buyer promises to cash it himself. Money with good reputation will be paid to you, but money can't be paid. If you have a bad reputation, money or money may not be paid to you. At present, most merchants only accept bank acceptance bills.