banker's acceptance

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Definitions of banker's acceptance words

noun banker's acceptance a draft or bill of exchange drawn on a bank and accepted by it 3
noun banker's acceptance A banker's acceptance is a short-term negotiable financing instrument guaranteed by a bank. 3
abbreviation BANKER'S ACCEPTANCE bank acceptance. 1
noun banker's acceptance (business, banking, finance) A negotiable instrument or time draft drawn on and accepted by a bank, that upon acceptance becomes an obligation of the bank and is a marketable money-market instrument. 0

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This term is known only to a narrow circle of people with rare knowledge. Only 3% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

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