Banker's acceptance
id:
banker-s-acceptance-261-17001269
title:
Banker's acceptance
text:
A banker's acceptance is a commitment by a bank to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank. Banker's acceptances are distinguished from ordinary time drafts in that ownership is transferable prior to maturity, allowing them to be traded in the secondary market. A banker's acceptance starts with a deposit in the amount of
brand slug:
wiki
category slug:
encyclopedia
description:
Financial instrument
original url:
https://en.wikipedia.org/wiki/Banker%27s_acceptance
date created:
date modified:
2024-02-29T23:04:38Z
main entity:
{"identifier":"Q2505173","url":"https://www.wikidata.org/entity/Q2505173"}
image:
fields total:
13
integrity:
14