is an acknowledgment of a debt by the buyer in favor of the seller, for merchandise that the seller has placed in the hands of the buyer. The buyer agrees, in writing across the face of this acceptance his name, the name and location of his own bank and the date, to pay the amount of this certain indebtedness at a certain time at his own bank.

This varies from the open book account method only in giving the debt a negotiable value.

According to a Federal Reserve Bank Governor's Opinion, the signing of an Acceptance increases the financial standing of the giver, because it shows prompt paying methods.

Kindly, sign attached Acceptance, then forward to us.

Explanatory letters attached to trade acceptances by some firms, which letters are detached when the acceptances are signed. (Sample of attached letter):

By recent ruling of the Federal Reserve Bank, we are enabled through the medium of trade acceptances to grant the special terms you requested on the accompanying invoice. If you will sign and return this acceptance, you will place us in a position to discount this paper at our bank, placing the burden of carrying the account on them.

This varies from the open account only in giving the bill a negotiable value and involves absolutely no additional obligation on your part.

According to a Federal Bank Governor's Opinion, the signing of an acceptance increases the financial standing of the giver, because it shows prompt paying methods.

If you prefer to take advantage of the 2% cash discount, you may return this acceptance unsigned, with your check within thirty days from the date of invoice. Otherwise, kindly sign the attached acceptance, then forward to......................of...................

Following is another form of sample letter used as an explanation of the acceptance when sending invoice and acceptance to the buyer.