banker's acceptance

banker's acceptance
noun Date: circa 1924 a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • banker's acceptance — ( BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including domestic as well as… …   Financial and business terms

  • banker's acceptance — n: a short term credit instrument issued by an importer s bank that guarantees payment of an exporter s invoice Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • banker's acceptance — n. a draft or bill of exchange drawn on a bank and accepted by it * * * …   Universalium

  • banker's acceptance — n. a draft or bill of exchange drawn on a bank and accepted by it …   English World dictionary

  • banker's acceptance — noun banking: a time draft drawn on and accepted by a bank • Syn: ↑acceptance • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun Etymology: banker ( …   Useful english dictionary

  • 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 from face value in the secondary market. These instruments have been a popular investment for money market… …   Financial and business terms

  • banker's acceptance — A draft accepted by a bank usually for the purpose of financing a sale of goods to or by the bank s customer. A bill of exchange draft payable at maturity that is drawn by a creditor against his or her debtor. Banker s acceptances are short term… …   Black's law dictionary

  • banker's acceptance — A draft accepted by a bank usually for the purpose of financing a sale of goods to or by the bank s customer. A bill of exchange draft payable at maturity that is drawn by a creditor against his or her debtor. Banker s acceptances are short term… …   Black's law dictionary

  • banker's acceptance — noun A negotiable instrument or time draft drawn on and accepted by a bank, that upon acceptance becomes an obligation of the bank and is a marketable money market instrument. See Also: trade acceptance …   Wiktionary

  • banker's acceptance. — See bank acceptance. * * * …   Universalium

  • banker's acceptance — A time draft that promises to pay a certain sum and has been accepted by a bank. It is a form of promissory note, widely used in international trade; once signed and dated it can be traded before its maturity. See also third country acceptance …   Big dictionary of business and management

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