1 banker\'s acceptance | Definition of banker\'s acceptance
Logo
Menu
dictionary thesaurus

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

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

See Definitions and Examples

Get Word of the Day daily email!