A trade acceptance, when immediate payment is not required, is a:

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A time draft allows for deferred payment, while a sight draft requires immediate payment. A trade acceptance is a type of time draft used in business transactions where the recipient agrees to pay the specified amount at a future date, usually within 30, 60, or 90 days. A bill of lading is a shipping document that serves as proof of the receipt of goods by a carrier.

A Trade Acceptance, When Immediate Payment Is Not Required, Is