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GLOSSARY: Enter search term:
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Glossary Term: ACCEPTANCE

Definition(s) for ACCEPTANCE:


1. ) refers to a time draft that has been accepted for payment. A short-term financial instrument that is the unconditional obligation of the accepting bank. Banker’s acceptances, or BAs, result from transactions involving the import, export, transit, or storage of goods, including domestic as well as international transit.


See Also:
BANKER'S ACCEPTANCE (BA), BANKERS ACCEPTANCE



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