A short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market . These instruments have been a popular investment for money market funds. They are commonly used in international transactions.
BANKER'S ACCEPTANCE
Meaning of BANKER'S ACCEPTANCE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012