- bankers' acceptance
United KingdomA 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 (www.practicallaw.com/1-107-4985).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 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