A money-market instrument which constitutes a time draft drawn on and accepted by a bank. A banker’s acceptance (BA) provides…
A promise to pay which is made when the drawee of a time draft (bill of exchange) writes the word…
A time draft that is drawn by a provider of goods and services on a buyer/ importer (the drawee), who...
A written order which is signed by one person (drawer) instructing the person to whom it is addressed (drawee) to...
A written instrument which is signed by its maker (the drawer) and contains an unconditional promise or order to pay...