BNET Business Dictionary
Business Definition for: Acceptance Credit
- a line of credit granted by a bank to an importer against which an exporter can draw a bill of exchange. After acceptance by the bank, the bill can either be sold in the market or held until maturity.
Additional Resources
- KILL BW0086, MI-CREDIT-ACCEPTANCE and KILL BW0108, CQN-MI-CREDIT-ACCEPTANCE
- Please KILL BW0086, (MI-CREDIT-ACCEPTANCE) Credit Acceptance Corp. Reports Third Quarter Results, which ran on Business Wire at 8:41 ET on 10/22/1999. Also KILL the CORRECTION, BW0108, (CQN-MI-CREDIT-ACCEPTANCE) Correcting Credit Acceptance Corp.'s Ratio of Total Balance Sheet Debt to Shareholders' Equity; Decreased From .90 to .61 Sted 90 Cents to...
- Research articles 1999-10-22
- Lend them some luck? Delayed report, suit smack Credit Acceptance. (Credit Acceptance Corp)
- Delayed report, suit smack Credit Acceptance The tough times continue for Credit Acceptance Corp. (Nasdaq: CACC). The South field specialty auto-finance company said last Wednesday that its 1997 earnings statement would be delayed because its auditors,Delayed report, suit smack Credit Acceptance The tough times continue for...
- Research articles 1998-02-02
- Credit Acceptance delisted.(Credit Acceptance Corp stocks not listed)(Brief Article)
- Byline: Brent Snavely The Nasdaq National Market notified Southfield-based Credit Acceptance Corp. that the company's stock was delisted before the market opened Wednesday. Credit Acceptance (Nasdaq: CACCE) said in a statement Tuesday that it h Byline: Brent Snavely ...
- Research articles 2005-07-25
- Auto lender holds road. (Credit Acceptance Corp.)
- Credit Acceptance steady in rocky industry Credit Acceptance Corp.'s stock is still struggling, but the company is still able to sell debt on the open market. The Southfield-based specialty auto finance company raised $71.75 million in a sale of unsecCredit Acceptance steady in rocky industry ...
- Research articles 1997-04-14
- Credit Acceptance Corp. resolves copyright infringement lawsuit against National Auto Credit
- SOUTHFIELD, Mich.--BUSINESS WIRE--Oct. 17, 1995--Credit Acceptance Corp. announced today that it resolved its copyright infringement lawsuit against National Auto Credit to the mutual satisfaction of both companies.National Auto Credit has acknowledged that Credit Acceptance Corp. has valid copyrights for its financing program materials. Other terms of the resolution will remain...
- Research articles 1995-10-17
- New Web site helps dealerships find vehicles.(News)(Credit Acceptance Corp.)(Brief Article)
- Byline: Arlena Sawyers Dealerships that work with Credit Acceptance Corp. soon will have access to a new Web-based system that will help them find specific used vehicles more quickly. ADESA Inc., the nation's No. 2 wholesale auto auction company, is building...
- Research articles 2005-01-31
- Used-car credit firm's stock skids. (Credit Acceptance Corp.)
- $60M write-off jars investors Used-car superdealer Donald Foss' Credit Acceptance Corp. has hit a big pothole, and investors got rattled. A new computer model of the Southfield auto-credit company's loans showed potential loan losses higher than previ$60M write-off jars investors Used-car superdealer Donald Foss' Credit...
- Research articles 1997-10-27
- Credit Acceptance Corp. completes $120 million revolving credit agreement
- SOUTHFIELD, Mich.--BUSINESS WIRE--Jan. 13, 1995--Credit Acceptance Corp. announced today that it has completed a $120 million credit agreement with several commercial banks.Borrowings under the agreement will bear interest at the banks' prime rate or 1.25 percent over the Eurocurrency rate. The company expects to borrow under the credit agreement...
- Research articles 1995-01-13
- Montgomery Securities Raises Rating on Credit Acceptance Corporation from HOLD to BUY
- SAN FRANCISCO--BUSINESS WIRE--April 19, 1996--Montgomery Securities Analyst Jordan Hymowitz has raised his rating on Credit Acceptance Corporation (NASDAQ: CACC) from HOLD to BUY.Hymowitz expects the company to earn $0.89 per share in Fiscal Year December 1996 and $1.14 per share in Fiscal Year 1997. His 1996 target price is...
- Research articles 1996-04-19
- Credit Acceptance is relisted, stock hits 15-month high.(listed on The Nasdaq Stock Market Inc.)
- Byline: Tom Henderson Credit Acceptance Corp. of Southfield capped its turnaround from last year's accounting troubles Wednesday when it was relisted on Nasdaq CACC. The same day, its stock closed at its highest in the past 15 months, $25 a shar Byline: Tom...
- Research articles 2006-05-01
- Credit Acceptance Corp. may need new accounting method.(News)(Brief Article)
- Byline: Anjali Fluker Southfield-based Credit Acceptance Corp. says its auditing firm, Deloitte & Touche L.L.P., earlier this month recommended that the company use a different loan-accounting method, which would require previously released re Byline: Anjali Fluker Southfield-based Credit Acceptance Corp....
- Research articles 2005-04-18
- On the grow: Part 2 of 2; Range of industries pops up on Superstar 10.(Credit Acceptance Corp. restatements eventually boost past net income.)(Champion Enterprises Inc. has increased its profitability and diversified into modular construction.)(Macatawa B
- ***** Correction: On the Superstar 10 table on Page 11, the labels on the columns for revenue growth and net income growth are reversed. The error does not affect the rankings. ***** 4. Credit Acceptance Corp. ...
- Research articles 2006-07-31
- American Airlines offers enhanced online convenience for international customers at AA.com; New international credit card acceptance enables many customers in Latin America and the Caribbean to purchase tickets online.
- M2 PRESSWIRE-9 August 2004-American Airlines: American Airlines offers enhanced online convenience for international customers at AA.com; New international credit card acceptance enables many customers in Latin America and the Caribbean to purchase tickets onlineC1994-2004 M2 COMMUNICATIONS LTD RDATE:08092004 Fort Worth,...
- Research articles 2004-08-09
- US FTC: Franklin Acceptance to pay record $800,000 civil penalty to settle FTC charges.
- M2 PRESSWIRE-14 May 1999-US FTC: Franklin Acceptance to pay record $800,000 civil penalty to settle FTC charges of violating equal credit opportunity act C1994-99 M2 COMMUNICATIONS LTD RDATE:130599 * Fair Credit Reporting Act Violations Also Settled The Federal Trade...
- Research articles 1999-05-14
- Credit Acceptance Corp. Announces Appointment of Deloitte & Touche LLP as its New Independent Accountants
- SOUTHFIELD, Mich.--BUSINESS WIRE--June 24, 1998--Credit Acceptance Corp. (NASDAQ:CACC) announced today that the board of directors of the company had approved the appointment of Deloitte & Touche LLP as its new independent accountants for the year ended Dec. 31, 1998.Credit Acceptance Corp. is a specialized financial services company which provides...
- Research articles 1998-06-24
- Credit Acceptance Corporation Announces Court Decision
- SOUTHFIELD, Mich.--BUSINESS WIRE--July 15, 1999-- Credit Acceptance Corp. (Nasdaq:CACC) announced today that the United States District Court for the Eastern District of Michigan has granted the plaintiffs' motion for reconsideration of its April 23, 1999 judgement dismissing with prejudice the putative consolidated class action entitled In re Credit Acceptance...
- Research articles 1999-07-16
- BVCC Provides Credit Facility to Onyx Acceptance Corporation
- SAN MATEO, Calif.--BUSINESS WIRE--March 27, 1998--Bay View Capital Corporation (NASDAQ SYMBOL: BVCC) ("the Company"), a diversified financial services holding company for Bay View Bank, Bay View Acceptance Corporation, which includes its subsidiaries Bay View Credit and Ultra Funding, Inc., and Concord Growth Corporation, today announced that it has provided Onyx...
- Research articles 1998-03-27
- Price and Volume Alerts for Wednesday, September 6, 2006 - Featuring Case Financial, Telecom Communications, Gabriel Technologies Corporation, Credit Acceptance Corporation and More.
- M2 PRESSWIRE-6 September 2006-Stockguru.com: Price and Volume Alerts for Wednesday, September 6, 2006 - Featuring Case Financial, Telecom Communications, Gabriel Technologies Corporation, Credit Acceptance Corporation and MoreC1994-2006 M2 COMMUNICATIONS LTD RDATE:06092006 Dallas, Texas - StockGuru Pre-Market Updates for Wednesday include ...
- Research articles 2006-09-06
- Credit Acceptance Corporation Completes $115,000,000 Revolving Credit Agreement
- SOUTHFIELD, Mich.--BUSINESS WIRE--July 31, 1998--Credit Acceptance orporation (NASDAQ:CACC) today announced that it has completed a $115,000,000 credit agreement with a group of commercial banks which will replace its current credit facility. Borrowings under the agreement will bear interest at the bank's prime rate or 1.4% over the Eurocurrency rate. The...
- Research articles 1998-07-31
- Central Financial Acceptance Corp. announces revolving loan agreement
- COMMERCE, Calif.--BUSINESS WIRE--June 18, 1997--Central Financial Acceptance Corp. (NASDAQ:CFAC) has announced that it has entered into a revolving loan agreement with a group of banks and Wells Fargo Bank, National Associations, as agent, which will provide the company with a $100 million line of credit. The new...
- Research articles 1997-06-18
