Banker's acceptance: Difference between revisions
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imported>Doug Williamson m (Spacing) |
imported>P.F.cowdell@shu.ac.uk m (Categorise the page) |
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* [[Draft]] | * [[Draft]] | ||
* [[Trade acceptance]] | * [[Trade acceptance]] | ||
[[Category:Asset_and_Project_Finance]] | |||
[[Category:Bank_Lending]] | |||
[[Category:Debt_Capital_Markets]] | |||
[[Category:Trade_Finance]] | |||
Revision as of 12:18, 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.
