banker's acceptance

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Related to Bankers acceptance: letter of credit, certificate of deposit, commercial paper

bank·ers' acceptance

or bank·er's acceptance (băng′kərz)
n. Abbr. BA
A draft or bill of exchange drawn upon and accepted by a bank and due on a specified date, often traded in money markets. Also called bank acceptance.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.banker's acceptance - banking: a time draft drawn on and accepted by a bank
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
References in periodicals archive ?
Services available under these products include overdrafts, revolving loans, invoice discounting, distribution financing, term loans, local purchase order financing, bankers acceptance, bridge loans, warehouse financing, project financing, leasing, and guarantees.
Payments (Sight, Bankers Acceptance, Discounted flankers Acceptances, Deferred Payments)
125% above bankers acceptance rate, depending on the level of the senior debt to EBITDA ratio, and other facilities totalling $6 million.
In this capacity, Wu will oversee the direction of the international services department, which handles import/export trade financing, correspondent banking relationships and bankers acceptance financing.
FleetBoston Financial Corporation, through its subsidiary Fleet National Bank, announced today that it has provided a $100 million Bankers Acceptance facility to ShopKo Stores, Inc.
Compass' International Trade Services will focus on services and products that meet the needs of customers for cross-border financing, including letters of credit, documentary collections, bankers acceptance services and foreign currency.
Interest payable on amounts drawn down under the secured and unsecured facilities will be 7 percent and 9 percent, respectively, above bankers acceptance rates.
commercial banks to issue bankers acceptances to finance foreign trade.