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 ?
45% per annum (paid semi-annually) until September 29, 2021, and at the three-month Banker's Acceptance Rate plus 1.
Health Care REIT said that it can draw on the loan at an initial interest rate equalling the Canadian Dollar banker's acceptance rate plus 145 basis points, based on its current credit ratings.
Time draft: A demand for payment on a specified future date--comprising banker's acceptance, bill and sight draft.
In the present study it is hypothesized that excess liquidity is prevalent in the Nigerian money markets because monetary authorities have not vigorously pursued policy of injecting commensurate non-earning assets or profitability tailored assets like commercial papers, banker's acceptance, etc.
Hence, the establishment of discount markets in the United States for bank assets became a goal for Warburg, namely in his promotion of the banker's acceptance market.