banker's acceptance


A short-term credit investment which is created by a non-financial firm and whose payment is guaranteed by a bank. Often used in importing and exporting, and as a money market fund investment.

Use banker's acceptance in a sentence

You should try to make sure that you know what you are dealing with before you enter into a banker's acceptance.

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It had banker's acceptance and that was a really good thing to have and we liked doing things in this positive manner.

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Not every credit investment is created by a financial firm; a "banker's acceptance" can be made by any corporation and they are always guaranteed by a bank for payment.

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