承兑

承兌

chéngduì

verb #98,245

Meanings

1 to accept (a bill of exchange) for payment
2 to honor (a check or promissory note)
3 acceptance (of a draft)

Characters

to exchange; to cash in

Examples

银行承兑汇票比商业承兑汇票信用更高。

Yínháng chéngduì huìpiào bǐ shāngyè chéngduì huìpiào xìnyòng gèng gāo.

A bank-accepted bill has higher credit than a commercially accepted bill.

到期时付款人必须承兑这张汇票。

Dàoqī shí fùkuǎnrén bìxū chéngduì zhè zhāng huìpiào.

On the due date the payer must honor this bill.

Tips

usage

Finance-specific: 承兑 means the drawee commits to paying the bill on maturity. 银行承兑汇票 (BA, banker's acceptance) is extremely common in Chinese supply chains — a short-term credit instrument used instead of cash. Don't use 承兑 for ordinary payment; use 支付 or 付款.

Stroke Order

承 chéng

兑 duì