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 Glossary   >   B   >   "Banker"s acceptance" Definition   

        Banker"s acceptance

A short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market. These instruments have been a popular investment for money market funds.

Banker"s acceptance


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Banker"s acceptance - A short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market. These instruments have been a popular investment for money market funds.


Banker"s acceptance : a short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. acceptances are traded at discounts from face value in the secondary market. these instruments have been a popular investment for money market funds.