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banker's acceptance
bank·ers' acceptance or bank·er's acceptance (băng′kərz)n. Abbr. BA A draft or bill of exchange drawn upon and accepted by a bank and due on a specified date, often traded in money markets. Also called bank acceptance.Thesaurus| Noun | 1. | banker's acceptance - banking: a time draft drawn on and accepted by a bankacceptancebill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another |
EncyclopediaSeeacceptancebanker's acceptance
Banker's acceptanceA short-term credit investment created by a nonfinancial 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.Banker's AcceptanceShort-term debt obligations that are secured by banks. That is, a bank promises to pay a creditor if a borrower defaults. It is also called a documented discount note.banker's acceptance A short-term credit instrument created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market on the basis of the credit quality of the guaranteeing banks. These instruments have become a popular investment for money market funds. Also called acceptance.banker's acceptance
Related to banker's acceptance: commercial paper, repurchase agreement, negotiable certificate of depositSynonyms for banker's acceptancenoun banking: a time draft drawn on and accepted by a bankSynonymsRelated Words- bill of exchange
- draft
- order of payment
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