banker's acceptance

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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.
The notes, which will mature on April 26, 2013, carry an interest at 70 basis points above the average three-month Bankers Acceptance rate, on a floating rate basis at the settlement date of April 26, 2011, and each quarterly coupon date thereafter.
We also expect heightened activities in commercial papers, bankers acceptance, and other corporate instruments stimulated by the current deregulation of interest rates, and demand for new instruments in the economy generally (Ezema, 1993).
Payments (Sight, Bankers Acceptance, Discounted flankers Acceptances, Deferred Payments)
31 per cent per annum (paid semi-annually) until January 20, 2021, and at the three-month Bankers Acceptance Rate plus 2.
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.