How To Use banker's acceptance In A Sentence
- A banker's acceptance is a short-term debt issued by a business firm on which a large commercial bank has guaranteed payment to the investor so that it becomes a liability of the bank.
- Bank acceptance , Bill ; Banker's acceptance : A Bill of exchange which has been accepted by a banker.
- The bank typically would sell it in the banker's acceptance market and later, at maturity, pay off the investor at par as the payment from the importer comes due.
- A banker's acceptance is a short-term debt issued by a business firm on which a large commercial bank has guaranteed payment to the investor so that it becomes a liability of the bank.
