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.



Similar Matches

Acceptance

Acceptance

The writing of the word 'accepted' on the face of a bill of exchange by the drawee together with his/her signature indicating that the bill will be paid when due.


Transaction Insured Trade Acceptance Locator (TITAL)

Transaction Insured Trade Acceptance Locator (TITAL)

A trade acceptance through an insurance entity (rather than a bank) which is conditional upon exporter performance.


Eligible bankers acceptances

Eligible bankers acceptances

In the BA market, an acceptance may be referred to as eligible because it is acceptable by the Fed as collateral at the discount window and/or because the accepting bank can sell it without incurring a reserve requirement.




 
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