banker's acceptance

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Related to banker's acceptance: commercial paper, repurchase agreement, negotiable certificate of deposit

bank·ers' acceptance

or bank·er's acceptance (băng′kərz)

n. Abbr. BA

A draft or bill of exchange drawn upon and accepted by a bank and due on a specified date, often traded in money markets. Also called bank acceptance.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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Noun

banker's acceptance - banking: a time draft drawn on and accepted by a bank

acceptance

bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another

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References in periodicals archive ?

Health Care REIT said that it can draw on the loan at an initial interest rate equalling the Canadian Dollar banker's acceptance rate plus 145 basis points, based on its current credit ratings.

-KeyBank administrative agent of term loan to Health Care REIT

Time draft: A demand for payment on a specified future date--comprising banker's acceptance, bill and sight draft.