Banker's acceptance

A short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market. These instruments have been a popular investment for money market funds. They are commonly used in international transactions.

Similar financial terms

Trade acceptance
Written demand that has been accepted by an industrial company to pay a given sum at a future date.

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Away from us

Used in context of general equities, to characterize role of a competing broker or dealer. Trading away from us signifies that stock is bought and/or sold with institutions using other trading firms.


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