Supply Chain Glossary

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Acceptance


Source: Supply Chain & Logistics Glossary
Author: VV.AA.
Institute: Georgia Tech - The Supply Chain and Logistics Institute

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A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity. - Broadly speaking, any agreement to purchase goods under specified terms.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 10 Mar 2023
Softest decline in output for three months as supply- chain conditions improve
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