bankers' acceptance

Popular Terms
Countersigning (endorsement) of a bill of exchange by the buyer's (or importer's) bank. Bankers acceptance establishes that payment of the bill on its maturity date is now guaranteed by the endorsing bank. Banks agree to countersign a bill of exchange when they are comfortable with the buyer's financial strength and stability, and on payment of the acceptance fee.

Use 'bankers' acceptance' in a Sentence

The bankers' acceptance was sufficient to proceed with the project as the deal was being finalized in every meaningful way.
18 people found this helpful
If you have a good reputation with a bank then they may be willing to take on a bankers' acceptance on your behalf.
17 people found this helpful
I was really glad and then my daughter told me that I needed to get a bankers' acceptance as well and then I became upset because I did not wanna go to the bank.
16 people found this helpful




Email Print Embed