banker's acceptance


Also found in: Dictionary, Medical, Legal, Financial, Encyclopedia.
Graphic Thesaurus  🔍
Display ON
Animation ON
Legend
Synonym
Antonym
Related
  • noun

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.
The former one consists of high powered money (e.g.s, cash, interbank deposit, deposit with Central Bank, treasury bills, money at call, commercial papers, certificates of deposit, banker's acceptance, and so on) that has easy realization, liquidity and safety characteristics which are easy to trade.
Hence, the establishment of discount markets in the United States for bank assets became a goal for Warburg, namely in his promotion of the banker's acceptance market.
At maturity, buyer bank will charge Domestic Inc.'s account for face amount of banker's acceptance.
The Notes bear interest at a fixed rate of 3.45 per cent per annum (paid semi-annually) until September 29, 2021, and at the three-month Banker's Acceptance Rate plus 1.12 per cent thereafter until their maturity on September 29, 2026 (paid quarterly).