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Banking

Banker’s Acceptance

A money-market instrument which constitutes a time draft drawn on and accepted by a bank. A banker’s acceptance (BA) provides…

Acceptance

A promise to pay which is made when the drawee of a time draft (bill of exchange) writes the word…

Trade Acceptance

A time draft that is drawn by a provider of goods and services on a buyer/ importer (the drawee), who...

Draft

A written order which is signed by one person (drawer) instructing the person to whom it is addressed (drawee) to...

Negotiable Instrument

A written instrument which is signed by its maker (the drawer) and contains an unconditional promise or order to pay...