accepting house

Definitions

Accounting

• noun a firm, usually a merchant bank, which accepts bills of exchange at a discount, in return for immediate payment to the issuer, in this case the bank of England

Economics

• noun a firm, usually a merchant bank, which accepts bills of exchange (i.e. promises to pay them) and is paid a commission for this

Nearby Definitions of “accepting house”

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Contexts for “accepting house”

2 definitions in context
• Accounting
• Economics