QUALIFIED ACCEPTANCE
\kwˈɒlɪfˌa͡ɪd ɐksˈɛptəns], \kwˈɒlɪfˌaɪd ɐksˈɛptəns], \k_w_ˈɒ_l_ɪ_f_ˌaɪ_d ɐ_k_s_ˈɛ_p_t_ə_n_s]\
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1. Different to a general acceptance. The details of a bill of exchange is altered and can be treated as a non-acceptance of the terms of the bill. 2. If an acceptance is offered and the original party wants it changed in order to grant acceptance they will need to put forward a counter offer to the other party. It will go back and forth until an agreement is reached.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.