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BANKER’S ACCEPTANCE. …A bill of exchange draft payable at maturity that is drawn by a creditor against his or her debtor. Banker’s acceptances are short-term credit instruments most commonly used by persons or firms engaged in international trade. They are comparable to short-term government securities (for example, Treasury Bills) and may be sold on the open market at a discount. Black’s 6th. A bill of exchange drawn on and
accepted by a commercial bank…. Black’s 7th. See bank, banker, private bank, House Joint Resolution 192 of June 5,1933.