qualified acceptance

qualified acceptance　附条件承兑　

1.that is not a general acceptance.It alters the original terms of a bill of exchange and may be treated by the bill’s holder as dishonor by non-acceptance.If a holder takes a qualified acceptance without the bill drawer’s or endorser’s authorization or subsequent assent，the drawer or endorser is released from his or her liability on the bill.2.purchasing：a qualified acceptance puts the ball back in the original offertory’s court who must either accept the counter offer or respond with its own counter-counter offer.