BANKER'S ACCEPTANCE


Meaning of BANKER'S ACCEPTANCE in English

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.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.