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A negotiable instrument in the course of international trade similar to a Banker's Acceptance (BA) except it is drawn on and accepted by a buyer/importer (as opposed to a bank). May be sold to a bank or investor at a discount becoming a marketable money-market instrument.
Definition source: English Wiktionary via Wiktextract
Topics: banking, business, finance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
Broader terms: draft, bill of exchange, order of payment
No etymology was provided for this word.