Define: Acceptor

UK Accounting Glossary

Definition: Acceptor


Quick Summary of Acceptor


The acceptor is the third party who accepts responsibility for payment in a bill of exchange. The bill of exchange will generally have three parties: the drawor, the drawee and the acceptor.




What is the dictionary definition of Acceptor?

Dictionary Definition


  1. One who accepts.
  2. legal, commerce One who accepts a draft or a bill of exchange; a drawee after he has accepted.

The drawee of a bill of exchange after acceptance of the bill i.e. the acceptor has accepted liability by signing the face of the bill.


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Full Definition of Acceptor


The acceptor is the third party who accepts responsibility for payment in a bill of exchange. The bill of exchange will generally have three parties: the drawor, the drawee and the acceptor.


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Acceptor FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/acceptor/
Modern Language Association (MLA):
Acceptor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/acceptor/.
Chicago Manual of Style (CMS):
Acceptor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/acceptor/ (accessed: November 22, 2019).
American Psychological Association (APA):
Acceptor. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/acceptor/

Definition Sources


Definitions for Acceptor are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 1st September 2019.