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What is Banker's Acceptance
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What is Banker's Acceptance
A banker's acceptance, or BA, is a promised future payment, or time draft, which is accepted and guaranteed by a bank and drawn on a deposit at the bank. The banker's acceptancespecifies the amount of money, the date, and the person to whom the payment is due.
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What is Banker's Acceptance
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What is Banker's Acceptance for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is Banker's Acceptance covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is Banker's Acceptance.
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