banker's acceptance definition

  • noun:
    • See lender acceptance.
    • A negotiable tool or time draft drawn on and acknowledged by a bank, that upon acceptance becomes an obligation of this bank and it is a marketable money-market tool.
    • banking: a period draft drawn on and accepted by a bank
    • identify lender acceptance.
    • A negotiable tool or time draft attracted on and acknowledged by a bank, that upon acceptance becomes an obligation regarding the lender and is a marketable money-market instrument.
    • financial: an occasion draft drawn on and acknowledged by a bank

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