ACCEPTANCE
It is a contractual agreement on sight draft or time draft to pay the indicated amount due on a specified time and date. The party that should pay the draft should "accept" the contract by writing the word "accepted" or any other similar word indicating that s/he accept the contract next to his/her signature with the date. In effect, he or she becomes the acceptor and is obliged to pay the draft on or before the maturity date.
An acceptance of a banker is a draft honored by banks and is usually used in trading internationally. In a trade acceptance however, the buyer is the acceptor wherein it is a draft drawn the good’s seller.
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Proved Reserves
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Cumulative Discount Privilege
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Companies purchasing futures positions in commodities to control its costs. When used in creating a product or service, corporations can hedge to r ...
Hurdle Rate
The minimum rate of return required by a manager on a project. The riskier the project, the higher the hurdle rate.
Sensex
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
