banker's acceptance

[ bang-kerz ak-sep-tuhns ]
/ ˈbæŋ kərz ækˈsɛp təns /

noun

a draft or bill of exchange that a bank has accepted. Abbreviation: BA

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Also called bank ac·cept·ance .

Origin of banker's acceptance

First recorded in 1810–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020