banker's acceptance In A Sentence
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- A banker's acceptance is a short-term debt issued by a business firm on which a large commercial bank has guaranteed payment to the investor so that it becomes a liability of the bank.
- The bank typically would sell it in the banker's acceptance market and later, at maturity, pay off the investor at par as the payment from the importer comes due.
- Bankers' Acceptances: A banker's acceptance starts as an order to a bank by a bank's customer to pay a sum of money at a future date, typically within six months.
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