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Home > Terms > English, UK (UE) > Banker's acceptance
Banker's acceptance
A draught or bill of exchange accepted by a bank where the accepting institution guarantees payment. Used extensively in foreign trade transactions.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Commodity exchange
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
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