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Banker's acceptance

A time draught (note) drawn on and accepted by a bank This instrument is usually used for financing import-export transactions and generally financing international trade Payment of the note is guaranteed by the bank

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Accounting
  • Category: Tax
  • Company:
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  • Acronym-Abbreviation:
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