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Investments glossary

Banker’s Acceptance (BA)


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Quotes of the day:

A bad man, though raised to honour, always returns to his natural course, as a dog?s tail, though warmed by the fire and rubbed with oil, retains its form

— The Hitopadesa

The banker’s acceptance is a negotiable piece of paper that functions like a post-dated check, although the bank rather than an account holder guarantees the payment. Banker’s acceptances are used by companies as a relatively safe form of payment for large transactions.


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