See Also: Banker's acceptance(finance)
banker(4)(dictionary)
acceptance(dictionary)
banker(1)(dictionary)
Acceptance(money)
acceptance(dictionary)
banker(2)(dictionary)
acceptance(encyclopedia)
BANKER, com(law)
banker(dictionary)

Banker's acceptance (finance)


A 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.