Banker's Acceptance
A short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have been a popular investment for money market funds. They are commonly used in international transactions. | ||||
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Banker's Acceptance definition was found in categories: Language, Idioms & Slang(1) Law(1) Business & Finance(1) Encyclopedia(1)
Banker's Acceptance Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
banker's acceptance
Noun
1. banking: a time draft drawn on and accepted by a bank
(synonym) acceptance
(hypernym) draft, bill of exchange, order of payment
Noun
1. banking: a time draft drawn on and accepted by a bank
(synonym) acceptance
(hypernym) draft, bill of exchange, order of payment
Banker's Acceptance Definition from Law Dictionaries & Glossaries
| The 'Lectric Law Library |
Banker's Acceptance
A short term credit instrument consisting of a bill of exchange draft, payable at maturity, which is drawn by a creditor against his or her debtor. A banker's acceptance is often used by persons in international trade and may be sold on market at a discount.
A short term credit instrument consisting of a bill of exchange draft, payable at maturity, which is drawn by a creditor against his or her debtor. A banker's acceptance is often used by persons in international trade and may be sold on market at a discount.
Banker's Acceptance Definition from Business & Finance Dictionaries & Glossaries
| Raynet Business & Marketing Glossary |
Banker's Acceptance
a draft drawn on and accepted by a bank. Depending on the bank's credit worthiness, the acceptance becomes a financial instrument which can be discounted.
a draft drawn on and accepted by a bank. Depending on the bank's credit worthiness, the acceptance becomes a financial instrument which can be discounted.
Banker's Acceptance Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Bankers' acceptance
A bankers' acceptance, or BA, is a time draft drawn on and accepted by a bank. Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a named person or to the bearer of the draft. Upon acceptance, which occurs when an authorized bank accepts and signs it, the draft becomes a primary and unconditional liability of the bank. If the bank is well known and enjoys a good reputation, the accepted draft may be readily sold in an active market. A bankers acceptance is also a money market instrument – a short-term discount instrument that usually arises in the course of international trade.
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