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

1813

First Known Use of banker's acceptance

1813


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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