noun a financial institution that specializes in the acceptance and guarantee of bills of exchange
In the field of finance, an accepting house refers to a financial institution that specializes in accepting bills of exchange, providing short-term credit to businesses.
Accepting houses play a key role in the banking sector by facilitating trade finance transactions and providing liquidity to businesses.
Accepting houses are essential in trade finance for accepting and discounting bills of exchange, helping businesses manage cash flow and mitigate risks.
Commercial banks often act as accepting houses, accepting bills of exchange on behalf of their clients and providing funding for trade transactions.
In the context of a writer, 'accepting house' refers to a publishing company that accepts manuscripts from authors for publication.
In the context of a psychologist, 'accepting house' may refer to a therapy practice or clinic that is open to accepting new clients for counseling or therapy services.
For a real estate agent, 'accepting house' could refer to a property that is available for purchase or rent and is open to offers from potential buyers or tenants.
In the field of social work, 'accepting house' may refer to a shelter or facility that is open to accepting individuals or families in need of temporary housing or assistance.