Book Description

Excerpt from Acceptances: Trade and Bankers' The endeavor in this volume is to offer simple and practical explanation of acceptance principles and procedure, as demonstrated in actual use by great numbers of bankers and business concerns in the United States and foreign countries. Research has not been spared in its preparation, and it embodies the results of several nation-wide cooperative investigations. There will be found herein a full discussion of the practical scope and limits of bankers' and trade acceptances and, from a consensus of opinion, their most approved methods of use. It is hoped that the basic principles discussed and the plans and details of procedure described may enlighten the student, assist the banker, and enable the American manufacturer, jobber, or merchant to understand and apply the acceptance in its best form. In banking houses it has been found that the most successful method of handling a specialty, such as bankers' or trade acceptances, is by delegating such an activity to one or more men who, through study and experience, become experts in its efficient management. It is probable, however, that in the case of acceptances, all officials of the bank who may be called upon to discuss the matter with customers or financial men, in its broad aspects or in details, can receive benefit from studying the practical information contained in a volume which covers all aspects of the subject. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.