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English definition of “banker's acceptance”

banker's acceptance

noun [C or U] (also bank bill) BANKING, FINANCE
a bill of exchange (= document ordering payment of a particular amount ) which has been accepted and signed by a bank that promises to pay the amount stated : The requested loan would be completely safe for the company , as it would be guaranteed by banker's acceptance .
(Definition of banker's acceptance noun from the Cambridge Business English Dictionary © Cambridge University Press)

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