Bankers' acceptance: A debt instrument that represents a bank's guarantee of a future payment. Bankers' Acceptances are usually issued by banks on behalf of firms involved in the export/import business and are used to facilitate the transfer of funds. Once issued, Bankers' Acceptances can be traded over-the-counter in the secondary market, and have a maturity of 30 to 270 days.

Maturity
Bankers' acceptance in our glossary: terms and definitions

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