bankers' acceptance

bankers' acceptance
United Kingdom
A form of bill of exchange issued by a customer of a bank and backed by the bank accepting primary liability upon the bill's maturity (the customer remains secondarily liable as drawer of the bill).
A bankers' acceptance is an accommodation bill and is typically used as a method of obtaining short-term financing by way of acceptance credits. It may also be known as a finance bill or a liquefication bill.
For more on the use of bills of exchange to obtain financing, see PLC Finance, Practice note, Corporate loan facilities: Miscellaneous forms of short-term lending: Bills of exchange and acceptance credits (

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Bankers' acceptance — A banker s acceptance, or BA, is a time draft drawn on and accepted by a bank. Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a …   Wikipedia

  • Банковский акцепт (BANKERS’ ACCEPTANCE) — инструмент денежного рынка, представляет собой простой вексель с фиксированной датой погашения. Банк, акцептуя вексель, принимает на себя обязательства по нему и делает передаточную надпись (индоссирует вексель). Если такие векселя активно… …   Финансовый глоссарий

  • acceptance — A time draft that has been accepted for payment. See banker s acceptance. American Banker Glossary Contractual agreement instigated when the drawee of a time draft accepts the draft by writing the word accepted thereon. The drawee assumes… …   Financial and business terms

  • trade acceptance — noun A negotiable instrument in the course of international trade similar to a Bankers Acceptance (BA) except it is drawn on and accepted by a buyer/importer (as opposed to a bank). May be sold to a bank or investor at a discount becoming a… …   Wiktionary

  • Eligible bankers' acceptances — In the BA market, an acceptance may be referred to as eligible because it is acceptable by the Fed as collateral at the discount window and/or because the accepting bank can sell it without incurring a reserve requirement. The New York Times… …   Financial and business terms

  • АКЦЕПТ БАНКА — BANKERS ACCEPTANCEСм. АКЦЕПТ БАНКОВСКИЙ …   Энциклопедия банковского дела и финансов

  • accommodation bill — a bill of exchange accepted by an accommodation party, that is, a person signing without receiving value and for the purpose of lending his name (and his credit) to someone else. An accommodation party is liable on the bill to a holder for value …   Law dictionary

  • repurchase agreement — Under Title 11 U.S.C. Section 101: (47) The term repurchase agreement (which definition also applies to a reverse repurchase agreement) (A) means (i) an agreement, including related terms, which provides for the transfer of one or more… …   Glossary of Bankruptcy

  • Денежный рынок — Финансовые рынки Рынок ценных бумаг Рынок облигаций Облигация государственна …   Википедия

  • MBAC — Mortgage Bankers Association of the Carolinas (Business » Firms) **** Measurement Based Admission Control (Computing » Telecom) **** Mission Bay Aquatic Center (Community) * Mortgage Bankers Acceptance Company (Business » Firms) …   Abbreviations dictionary

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