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banker's acceptance

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bank acceptance

 
–noun
a draft or bill of exchange that a bank has accepted. Abbreviation: BA Also called banker's acceptance. Compare acceptance (def. 6).
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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bank acceptance  
n.  A draft or bill of exchange drawn upon and accepted by a bank. Also called banker's acceptance.
bank·er's acceptance   (bāng'kərz)
n.  See bank acceptance.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

banker's acceptance

A short-term credit instrument created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market on the basis of the credit quality of the guaranteeing banks. These instruments have become a popular investment for money market funds. Also called acceptance.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: banker's acceptance
Function: noun
: a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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