Banker s Acceptance
Definition
A draft or bill of exchange accepted by a bank where the accepting institution guarantees payment. Used extensively in foreign trade transactions.
Related Terms Other terms related to 'Banker s Acceptance' starting with the letter 'B' Basis Point, Back Spread, Bullion, Broker, Blackboard Trading Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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