Difference between revisions of "Banker's acceptance"

From ACT Wiki
Jump to: navigation, search
m (Spacing)
m (Categorise the page)
Line 10: Line 10:
 
* [[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.

See also