Bank acceptance draft acceptance: It means the bill conduct that the bank accepts the application of the drawer through examination, and promises to pay the draft amount to the payee or bearer for the issued draft on the expiry date. Include: Paper bank acceptance draft and E-bank acceptance draft.
Commercial draft discounted: It means the bill conduct that the bearer of the commercial draft (bank acceptance draft or commercial acceptance draft) transfers the right of bill to the bank with the purpose of obtaining the capital in advance through claiming a certain interest before the expiry date of the commercial draft.
