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Acceptance The drawee's acknowledgement of the LIABILITY on a BILL OF EXCHANGE. Accommodation bill is a BILL OF EXCHANGE without any consideration, or quid pro quo. By trading in ADRs, u.s. Investors manage to avoid some of the problems of dealing in foreign securities markets.
Acceptance The drawee's acknowledgement of the LIABILITY on a BILL OF EXCHANGE. Accommodation bill is a BILL OF EXCHANGE without any consideration, or quid pro quo. By trading in ADRs, u.s. …