banker's acceptance

Definition of "banker's acceptance"
  1. A document accepted by a bank assuring payment is guaranteed, commonly used in foreign trade deals
How to use "banker's acceptance" in a sentence
  1. The importer secured the deal using a banker's acceptance to reassure the exporter.
  2. The bank issued a banker's acceptance, guaranteeing the payment to the foreign supplier.
  3. A banker's acceptance, due to its low risk, made the export order more convenient to carry out.
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