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

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


Seen and Heard

What made you want to look up banker's acceptance? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

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

WORD OF THE DAY

a severe test

Get Word of the Day daily email!

Test Your Vocabulary

The Emoji Quiz

  • emoji-the-quiz
  • What phase of the moon is this: 🌖 ?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Add Diction

Test Your Knowledge - and learn some interesting things along the way.

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!