Banker's acceptance: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
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A bill of exchange (draft) which has been accepted by a bank. | A bill of exchange (draft) which has been accepted by a bank. | ||
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Revision as of 18:57, 1 August 2013
(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.
