Similar words: acceptance, non-acceptance, acceptance rate, self acceptance, acceptance speech, acceptant, accept an order, acceptably. Meaning: n. banking: a time draft drawn on and accepted by a bank.
Random good picture Not show
1 A banker's acceptance starts off as a bill of exchange, which is itself a form of IOU.
2 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.
3 Bankers' Acceptances: A banker's acceptance starts as an order to a bank by a bank's customer to pay a sum of money at a future date, typically within six months.
4 The issuing bank will sell the banker's acceptance in the market and remit the funds to the beneficiary .
5 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.
6 Bank acceptance , Bill ; Banker's acceptance : A Bill of exchange which has been accepted by a banker.
7 Assuming all of the documents are in order, the issuing bank will issue a banker's acceptance to the negotiating bank guaranteeing payment at a future point.
More similar words: acceptance, non-acceptance, acceptance rate, self acceptance, acceptance speech, acceptant, accept an order, acceptably, acceptable, acceptation, unacceptably, unacceptable, acceptability, unacceptability, Acceptable Use Policy, banker's draft, accept, banker, accepted, acceptor, accepter, accepting, acceptive, unaccepted, tanker, supertanker, oil tanker, canker sore, cantankerous, generally accepted.