BANKER'S ACCEPTANCE - Black's Law Dictionary

What is BANKER'S ACCEPTANCE? Definition of BANKER'S ACCEPTANCE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.

A draft or bill of exchange of which the acceptor is a bank or banker engaged generally in the business of granting bankers' acceptance credits. Atterbury Bank of Washington Heights of City of New York, 241 N.Y. 231, 149 N.E. 841, 843.

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That's the definition of BANKER'S ACCEPTANCE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.