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banker's acceptance

noun

Definition of banker's acceptance

  1. :  a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice



Circa 1924

First Known Use of banker's acceptance

circa 1924


Law Dictionary

banker's acceptance

noun

Legal Definition of banker's acceptance

  1. :  a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice




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