Bankers Acceptance

What is it? Bankers acceptances are negotiable time drafts, or bills of exchange, that have been accepted by a bank which, by accepting, assumes the obligation to pay the holder of the draft the face amount of the instrument on the maturity date specified. They a

Added By: Caden

Send To Friends!

If you'd like to send the Bankers Acceptance definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Bankers Acceptance. If you need any more information on this term, please don't hesitate to contact us.