(2) Commitment and compliance? Ask for exchange
Example: accept checks.
Putonghua dictionary: The drawee of a bill of exchange expresses the promise of payment to the holder, which is called "acceptance".
Network explanation: Acceptance refers to the record that the holder requires the drawee to pay the bill before it expires. Unique bill of exchange system. The payer usually signs the bill on the front. The relationship between the drawer and the payer is entrusted, which does not mean that the drawer has to pay. In order to make the bill payable at maturity, the holder must present it to the drawee for acceptance. The payer shall bear the legal responsibility for bill payment only after signing and accepting the bill. Before the drawee accepts the bill, the principal debtor is the drawer; After acceptance, the payer becomes the principal debtor, while the drawer and other endorsers are the subordinate debtors. When accepting a bill of exchange, the holder must actually present it, which is called presentation. A draft payable at sight needs no presentation for acceptance. A bill payable periodically after sight shall be presented for acceptance.
A synonym for acceptance: exchange.
Accept sentences:
When a bill of exchange is refused to be accepted or paid, the drawer shall pay off the amount and expenses stipulated in Articles 70 and 71 of this Law to the holder.