Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A bill of exchange drawn directly upon and accepted by an importer or purchaser, rather than a bank, and due at a specified future time.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun business, banking, finance A negotiable instrument in the course of international trade similar to a Banker's 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 marketable money-market instrument.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
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