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Glite Dictionary
🔬 Receiver in science 🏦 Payer of bills
acceptor

acceptor

8.7
A person or bank that agrees to pay a bill when it is due
  • noun
  • /əkˈsɛptər/
  • Specialized
translation icon : aceptador
  • The acceptor of the draft is required to make the payment when it is due.

Examples

  • Once the check has been endorsed, the acceptor becomes legally obliged to pay the sum.

  • In international trade, the bank often acts as the acceptor to guarantee the transaction.

  • The bank is the primary acceptor of checks.

  • An acceptor must be reliable and trustworthy.

  • In international trade, the bank often acts as the acceptor to guarantee the payment of the bill of exchange.

  • Once the check has been endorsed, the acceptor becomes responsible for paying the specified amount.

  • The acceptor of the draft must ensure that payment is made when it becomes due.

Synonyms

payer
vsacceptor
67 2.1

A person or company that gives money to get goods and services

undertakes to pay a formal bill later rather than an immediate purchase
debtor
vsacceptor
36 4.1

A person or organization that owes money to someone else

assumes liability for a particular bill when due, not general debt
payor
vsacceptor
  • Specialized
1 7.0

A person or organization that gives money to settle a bill

commits specifically to pay an accepted draft when due rather than general payments
drawee
vsacceptor
  • Specialized
9.5

A bank or person that must pay a cheque when it is shown to them

voluntarily accepts responsibility to pay later, not just when presented
debitor
vsacceptor
  • Archaic
8.8

A person who owes money to another

assumes a specific instrument's payment obligation rather than general debt

Antonyms

rejector
1 5.7

A person or machine that removes things judged unwanted

Compounds

acceptor RNA
  • Specialized
6.5

A tRNA molecule that brings the correct amino acid to the cell's protein-making machine

Surface Forms

acceptor singular
acceptors plural

Morphology

acceptor = accept (transparent) = accept + or

Agentive formation from 'accept' with '-or'; the financial sense ('one who accepts a bill') follows the same predictable pattern.

Etymology

The word acceptor comes from Latin parts ac- ('to') and capere ('take') and is related to the English word accept. In trade or banking an acceptor is a person or bank that 'takes' a bill or check and promises to pay it when it is due, so the name shows they accept the responsibility to pay.