Meaning of “banker's acceptance” in the English Dictionary


"banker's acceptance" in Business English

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banker's acceptancenoun [ 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)