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Bankers Acceptance |
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Banker's Acceptance Short-term debt obligations that are secured by banks. That is, a bank promises to pay a creditor if a borrower defaults. It is also called a documented discount note. Bankers Acceptance (BA) What Does Banker's Acceptance (BA) Mean? A short-term credit investment created by a nonfinancial firm and guaranteed by a bank. Investopedia explains Banker's Acceptance (BA) Acceptances are traded at a discount from face value on the secondary market. Banker's acceptances are very similar to T-bills and often are used in money market funds. Related Terms: Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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