banker's acceptance

noun (1)

Definition of banker's acceptance

 (Entry 1 of 5)

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

banker's bank

noun (2)

Definition of banker's bank (Entry 2 of 5)

: a bank that deals only with other banks specifically : a central bank (such as a U.S. Federal Reserve bank or the Bank of England)

banker's bill

noun (3)

Definition of banker's bill (Entry 3 of 5)

: a bill of exchange drawn by a bank on a foreign bank

banker's check

noun (4)

Definition of banker's check (Entry 4 of 5)

banker's draft

noun (5)

Definition of banker's draft (Entry 5 of 5)

: a check or bill drawn by one bank against balances deposited with another

First Known Use of banker's acceptance

Noun (1)

1813, in the meaning defined above

History and Etymology for banker's acceptance

Noun (2)

banker entry 2

Noun (3)

banker entry 2

Noun (4)

banker entry 2

Noun (5)

banker entry 2

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Time Traveler for banker's acceptance

The first known use of banker's acceptance was in 1813

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More Definitions for banker's acceptance

banker's acceptance

noun

Legal Definition of banker's acceptance

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

Comments on banker's acceptance

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WORD OF THE DAY

involving a confidence or trust

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