banker’s acceptance

A bill of exchange drawn on and accepted by a commercial bank.

• Banker’s acceptances are often issued to finance the sale of goods in international trade. — Abbr. BA.

— Also termed bank acceptance. [Cases: Banks and Banking 189; Bills and Notes 151. C.J.S. Banks and Banking §§ 452–458; Bills and Notes; Letters of Credit § 131.]

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双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。