banker's acceptance

noun

Definition of banker's acceptance

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

First Known Use of banker's acceptance

1813, in the meaning defined above

Keep scrolling for more

Learn More About banker's acceptance

Time Traveler for banker's acceptance

Time Traveler

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

See more words from the same year

Dictionary Entries Near banker's acceptance

banker

banker's acceptance

banker's bank

See More Nearby Entries 

Statistics for banker's acceptance

Cite this Entry

“Banker's acceptance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/banker%27s%20acceptance. Accessed 21 Sep. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

Keep scrolling for more

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

WORD OF THE DAY

Test Your Vocabulary

Farm Idioms Quiz

  • cow coming home
  • What does 'poke' refer to in the expression 'pig in a poke'?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Typeshift

Anagram puzzles meet word search.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!