bank acceptance

British

noun

Also called: banker's acceptance. a bill of exchange or draft drawn on and endorsed by a bank

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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This briefly is what is known as a bank acceptance, i. e., a draft drawn on and accepted by a prime bank or banker.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

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