Legal Dictionary of Pakistan

accommodation acceptance

The acceptance of an offer to buy goods for current or prompt shipment by shipping nonconforming goods after notifying the buyer that the shipment is intended as an accommodation. This type of "acceptance" is not truly an acceptance under contract law, but operates instead as a counteroffer if the buyer is duly notified. banker's acceptance. A bill of exchange drawn on and accepted by a commercial bank. Banker's acceptances are often issued to finance the sale of goods in international trade. - Abbr. BA. - Also termed bank acceptance.