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  4. Terms Beginning With B
  5. Bankers Acceptance

Bankers Acceptance

Definition of 'Bankers Acceptance'

A bill of exchange that has been endorsed and accepted payable by a bank for guarantee of payment of the face value of the bill at maturity date.

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Related Terms

AcceptanceBBAClearing BankPrivate PlacingAcceptance CreditAccepting HouseCall PaymentsMulti-Period Capital RationingUnconditionality

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