Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 from the Cambridge Business English Dictionary © Cambridge University Press)
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “banker's acceptance”

Word of the Day

derivative

If something is derivative, it is not the result of new ideas, but has been developed from or copies something else.

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More