a draft or bill of exchange drawn on a bank and accepted by it
banker's acceptance in Finance
(bæŋkərz æksɛptəns)
Word forms: (regular plural) banker's acceptances
noun
(Finance: Banking)
A banker's acceptance is a short-term negotiable financing instrument guaranteed by a bank.
Institutional investors responded to declining money-market fund yields by shiftingsome assets out of funds and into direct money-market instruments like banker's acceptances.
A banker's acceptance is a short-term credit investment created by a non-financial firm and guaranteedby a bank as to payment.
A banker's acceptance is a short-term negotiable financing instrument guaranteed by a bank.