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Meaning of banker's acceptance | Babel Free

Noun CEFR B2

Definitions

A negotiable instrument or time draft drawn on and accepted by a bank, that upon acceptance becomes an obligation of the bank and is a marketable money-market instrument.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

banker's bill banker's box banker's clip banker's dozen banker's draft banker's draught

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