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.]

---

词条贡献者

双语律师Jerry，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与欧洲隐私及安全法相关的法律文件。