banker's acceptance


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Related to banker's acceptance: commercial paper, repurchase agreement, negotiable certificate of deposit
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Synonyms for banker's acceptance

banking: a time draft drawn on and accepted by a bank

References in periodicals archive ?
Time bill: A banker's acceptance or bill of exchange that is not payable until some specific future time.
Margin deposits paid by banks' clients will have to be included in reserves to the central bank to secure issuance of banker's acceptance, letters of guarantee and letters of credit.
Time draft is a demand for payment on a specified future date--comprising banker's acceptance, bill and sight draft.
The credit facility is currently a $10 million 364-day non-revolving credit facility and funds drawn on the facility bear interest at varying margins based on the lender's Canadian prime rate, United States base rate or banker's acceptance reference rate and are secured by a general security agreement and first priority mortgage over all of the assets of AirIQ.
The funds drawn on the 364 day non-revolving credit facility will bear interest at varying margins based on Royal Bank of Canada's Canadian prime rate, United States base rate or banker's acceptance reference rate and will be secured by a general security agreement and first priority mortgage over all of the assets of the Company.
GMAC Residential Funding has also brought more conventional mortgage products, such as iAdjust (an adjustable rate mortgage that adjusts based on a Banker's Acceptance index) and iSecure (a fixed-rate offering), to the marketplace.