What is a Commercial Acceptance?

Mar 12, 2020
 

What is the Problem?

This question has come from Jane near Reading. Jane says: “I've heard alot about a process called "Acceptance for Value". What is it? How does it work? is it true that debts can be cleared using nothing more than a signature?"

What To Do

You’re not alone Jane! We've received hundreds of questions about this subject. If you know what you're doing, and if you understand why it works, and your true relationship to the SYSTEM and in particular the CORPORATE STATE, then "yes", you can clear debts using nothing more than a signature! 

The Outline Solution

Before you do anything we strongly suggest you:

  • Understand what an Acceptance is. Try watching the video above. 

  • Once you've watched video join the Insiders here and access the Insiders Privileged Information which is available via the My Library tab on the Site. This will enable to do the following:

    • Get to grips with who and what you are. For the purpose of this exercise, "you" are a man or a woman, not a CORPORATE ENTITY. 

    • Learn about the CORPORATE STATE and seek to understand your true relationship with it.

    • Learn how to express an Acceptance for Value properly, using the written word, as agent for the CORPORATE PERSONA / MASK / NAME / CAPACITY which was created for you. 

    • Learn how to enforce an Acceptance and have your actions recognised by the Court SYSTEM.

    • Learn how to present before the Court to ensure Discharge of the Debt is effected. 

The Almost Legal Info

What is a Bill of Exchange?

It's a three-party negotiable instrument in which the first party (the drawer) presents an order for the payment of a sum-certain on a second party (the drawee) for payment to a third party (the payee), on demand or at a fixed future date.

A Bill usually derives from, or hails from, a transaction of some kind. Using the example given in the video above: 

  1. Company A has sold £100,000.00 of "Goods" to Company B. In return for the Goods, Company A will expect to be paid - that's the transaction. Goods for Money.

  2. Company A allows Company B ninety (90) days to pay the Bill.

  3. Company A can send a Bill to Company B asking Company B to accept it, thereby confirming the validity of the Bill. This is called an "Acceptance". (See Offer and Acceptance = Contract). Had Company B returned the Goods as unfit, Company B would not be paying for them!

  4.  In the example given, Company B wants to keep the Goods. Company A wishes to make use of the monies due from Company B - now - even though they're not due to be paid for 90 days!

  5. Company A approaches a Discount House or Factoring Company (Company C) and asks Company C to buy the Debt owed by Company B - thus freeing up liquid funds now! 

  6. Company C agrees to buy the Debt from Company A but only at a Discount (£90k versus the £100k owed by Company B)

  7. £10k becomes the interest payment earned by Company C assuming Company B eventually honours the deal and pays up.

  8. Company A sends a Bill to Company B directing it to pay the £100k to Company C in 90 days time. It asks Company B to place an Acceptance on the Bill acknowledging the instruction (this is the "exchange" if you like - a[n] [ex]change of payee)

  9. Company B accepts the Bill by writing "Accepted for Value" across the Bill, and then signing it.  

  10. The deal is done. Company A can now sell the debt owed by Company B, to Company C. In 90 days time, Company B will pay Company C £100k.

Helpful Paragraphs:

Where Goods or Value have already been received, the Acceptance might read as follows: "Accepted for Value Received"

Bills of Exchange allow debts owed to one party (let's say a debt owed to you) to be used a payment for a debt owed to somebody else. You are changing the party who gets paid!

Way back when, if you were owed money and you simultaneously owed money to the Crown, you could get the Exchequer involved to help collect the debt!

That's what they call sending in the "heavies"!

Need More Help?

Ultimately, it starts with you!

How much time and energy do you invest in your own education?

Does your education end with the STATE sponsored schooling you were given way back when, or do you ask questions and conduct your own research?

If you're going to get this right you need to possess a desire and willingness to learn.

You also need to invest time and energy in your own education. This is something you need to feel and resonate with. 

We have created two Seminars which explain everything you need to know about Bills, Acceptances, and Exemption Accounting. 

 

You can Access the Foundation Course here

Had you already been an Insider, at the time of launch, you would have received a Huge Discount when attending this Seminar. You can join the Insiders now and benefit from similar discounts on future events. For example >>>

You can Attend the Masterclass here

As an Insider you will be entitled to a Discount so join now and track down the special link on the Acceptance for Value Modules.

Enjoy, and remember: with great power comes great responsibility. 

Use this information in the right way, to discharge the right types of debt, as explained in the Insiders Privileged Information and in the Seminars.

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