A Bankers' Acceptance Differs from a Trade Draft in That

question 105

Multiple Choice

A bankers' acceptance differs from a trade draft in that:

• A)it is drawn on a bank rather than on an importer
• B)it is always accompanied by a bank letter of credit
• C)its acceptance depends entirely on the goodwill of the importer
• D)there is no difference

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Definitions:

Spinout Failures

A tandem drive axle failure in which one of the four drive wheels loses traction and receives all driveline torque. Spinout conditions may produce wheel speeds four times greater than specified. Spinout failures result from shock loading when a spinning wheel’s motion is suddenly arrested or by lubricant throw-off from rotating components.

Riveted Crown Gear

A type of gear whose teeth are affixed to the wheel or rim using rivets, often used in machinery for transmitting torque.

Flange Case Half

One of two symmetrical sections of a flanged case or cover, designed to join together, typically used to enclose mechanical parts.

Drill Out

The process of removing material or obstructions by drilling, common in manufacturing, maintenance, and repair tasks.