Select the one term that best fits each definition.
-A form signed by a buyer at the time of a sale of merchandise in which the buyer promises to pay the seller a specified sum of money, usually at a stated time in the future.

Question

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A trade acceptance is a written promise or draft drawn by the seller for payment by the buyer at a specified future date. It is used in the sale of goods where the buyer agrees to pay the seller a specific sum of money at a future date.

Select the One Term That Best Fits Each Definition