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A banker's acceptance is a commitment by a bank to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank. Banker's acceptances are distinguished from ordinary time drafts in that ...
Acceptance. A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer. Also, the acknowledgment of the drawee that binds the drawee to the terms of a draft.
Self-acceptance is described as the state or ongoing process of striving to be satisfied with one's current self. It is an agreement with oneself to appreciate, validate, and support the self as it is, despite deficiencies and negative past behavior. Some have trouble accepting themselves because of guilt, trauma, or a perceived lack of ...
Another example would be where a lender agrees to lend $100,000 at 5.0% interest for 30 years, and at the closing the loan documents are all drawn up for a loan with a 6.0% interest rate. If the lender agrees to reduce the closing costs by an extra $1000 and the borrowers agree, then there has been an accord and satisfaction.
NYU announced a record low acceptance rate of 8% for the Class of 2027. By comparison, NYU’s acceptance rate was 35% in 2014. More: The passion project advantage in college admissions ...
Minimum acceptable rate of return. In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk ...
Power of acceptance is a concept of contract law. It refers to the power vested in the offeree by the offeror through the offer being made. It is used to determine whether the acceptance of an offer is valid.
1. Know your credit score. An excellent credit score gives you the best chance of receiving a low interest rate on a personal loan. Before applying, check your credit report to ensure your score ...