A banker's acceptance is a draft drawn on a bank and paid by that bank when presented
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A banker's acceptance
is a draft drawn on a bank and paid by that bank when presented to it. | |
may be accepted by the bank for future payment. | |
is traded in a relatively liquid market until maturity. | |
all of these. |
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: