„Bankers Acceptance“
What does Bankers Acceptance stand for?
A draft calling for payment at a future date on which the drawee is a bank, and the bank has agreed to pay by signing “accepted” on the draft.
Source:
Financial and BankingView all itemsRobert W. Kolb, “Encyclopedia of Business Ethics and Society”, SAGE Publications, 2008, pp. 123-125.
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