单选题 The term "acceptance" can only apply when the credit calls for usance bills (term bills), i.e. bills of exchange payable at a specified time "after acceptance by the drawee. And bills should be drawn on a bank. "File acceptance credit is also referred to ms a "term credit" or "usance credit", which means that the seller draws a draft on the nominated bank demanding payment at some &terminable future date, e.g. at 30 days" sight instead of at sight. In practice, this means dial instead of receiving immediate payment on presentation of the documents ( at sight), the seller"s draft is returned to him accepted on face by the nominated bank.

单选题 The seller usually requires a specified bank to draw a credit bill to ask the buyer to make payment.

单选题 After the drawer accepts a bill, the issuing bank can demand payment from a nominated bank.

单选题 By credit term, we mean that even though the seller does not receive payment immediately, the draft is returned to him accepted on face by the nominated bank which will make payment at some determinable future date.