Español
FrançaisBank acceptance
A draft accepted by a bank usually for the purpose of financing the sale of goods to or by the bank´s customer. The bill may be drawn , for example, by an exporter on the importer´s bank and be sold on the open market at a discount. See bill of exchange. Depending on the bank´s creditworthiness, the acceptance becomes a financial instrument that can be discounted for immediate payment. See bill of exchange.
