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what is Banker’s acceptance:

Business & Finance
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what is Banker’s acceptance

Dec 22nd, 2014

A short-term debt instrument issued by a firm that is guaranteed by a commercial bank. Banker's acceptances are issued by firms as part of a commercial transaction. These instruments are similar to T-Bills and are frequently used in money market funds. Banker's acceptances are traded at a discount from face value on the secondary market, which can be an advantage because the banker's acceptance does not need to be held until maturity. Banker's acceptances are regularly used financial instruments in international trade.

Reference:

http://www.investopedia.com/terms/b/bankersacceptance.asp


Dec 22nd, 2014

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Dec 22nd, 2014
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