Banker's acceptance: Difference between revisions
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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 11: | Line 12: | ||
* [[Trade acceptance]] | * [[Trade acceptance]] | ||
[[Category: | [[Category:Corporate_finance]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[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.
