banker's acceptance

English - English

Definition of banker's acceptance in English English dictionary

A negotiable instrument or time draft drawn on and accepted by a bank, that upon acceptance becomes an obligation of the bank and is a marketable money-market instrument

Related Terms

banker's acceptances

plural form of banker's acceptance

Hyphenation

banker's ac·cept·ance

Turkish pronunciation

bängkırz äkseptıns

Pronunciation

/ˈbaɴɢkərz akˈseptəns/ /ˈbæŋkɜrz ækˈsɛptəns/