acceptor
C1CEFR level
60/100Rarity: rare
TechnicalRegister
The party who signs and thereby undertakes to pay a bill of exchange when it matures.
Once the bank became acceptor, the trade bill traded almost like cash in the discount market.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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