banker's acceptance
noun
: a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice
Dictionary Entries Near banker's acceptance
Cite this Entry
“Banker's acceptance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/banker%27s%20acceptance. Accessed 26 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share