banker's acceptance

American  

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

noun

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

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Etymology

Origin of banker's acceptance

First recorded in 1810–15

Example Sentences

"This allows banks to 'window dress' their loan books by purchasing banker's acceptance bills so that they can meet the loan targets," he said.

From Reuters • May 23, 2022

Before granting them he wanted as assurance the equivalent of a "banker's acceptance," presumably a guarantee that Congress will pass the kind of strict crop control law which he desires.

From Time Magazine Archive