Banker's acceptance (BA) - Financial definition
Financial acronyms
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Country
: United States of America
Concise definition of the term banker's acceptance
A banker's acceptance is a short-term negotiable discount note, draft or bill, drawn on and accepted by a bank which is obligated to pay the face balue upon maturity.
Comprehensive definition of the term banker's acceptance
Under US regulations, funds raised through a banker's acceptance must be used for the financing of trade.