Difference between revisions of "Banker's acceptance"

From ACT Wiki
Jump to: navigation, search
m (Spacing)
m (Added space before see also)
 
(3 intermediate revisions by 2 users not shown)
Line 4: Line 4:
  
 
A draft accepted by a bank constitutes an unconditional and binding obligation on the part of the bank to pay the draft at maturity.
 
A draft accepted by a bank constitutes an unconditional and binding obligation on the part of the bank to pay the draft at maturity.
 +
  
 
== See also ==
 
== See also ==
Line 10: Line 11:
 
* [[Draft]]
 
* [[Draft]]
 
* [[Trade acceptance]]
 
* [[Trade acceptance]]
 +
 +
[[Category:Corporate_finance]]
 +
[[Category:Long_term_funding]]
 +
[[Category:Long_term_funding]]
 +
[[Category:Trade_finance]]

Latest revision as of 16:51, 13 August 2014

(BA).

A bill of exchange (draft) which has been accepted by a bank.

A draft accepted by a bank constitutes an unconditional and binding obligation on the part of the bank to pay the draft at maturity.


See also