Acceptance bill refers to a bill that has gone through acceptance procedures. That is, during trading activities, the seller issues a bill of exchange in order to obtain payment from the buyer, and the payee indicates the word "acceptance" and signature on the bill to acknowledge payment at maturity.

The payee becomes the acceptor of the bill after acceptance. Those accepted by the buyer are called "commercial acceptance bills", and those accepted by banks are called "bank acceptance bills".

Extended information:

Pledge of acceptance bill

Pledge of acceptance bill refers to an endorsement for the purpose of establishing a pledge and providing debt security.

It is a method in which the endorser transfers the receipt to the pledgee through endorsement, and uses the payment of the receipt amount as a method to ensure the repayment of the endorser's debt. When the endorser sets up a pledge endorsement, he must indicate the word "pledge" in the endorsement and sign and seal it.

If the pledgor only recorded the word "pledge" but did not sign the receipt, or the pledgor did not record the word "pledge" on the bill of exchange or sticky note but signed a separate pledge contract or pledge. Terms and conditions do not constitute receipt pledge.

Reference source: Baidu Encyclopedia-Bank Acceptance Bill