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Bankersacceptance

oboloo Glossary

Bankersacceptance

Bankers’ Acceptance: A financial instrument used mainly in international trade which allows buyers to purchase goods without making an upfront payment. It is issued by a bank, guaranteeing the buyer that their obligations will be met, and it is accepted by the seller in lieu of immediate payment. Bankers’ acceptances are a safe way for buyers and sellers to transact, particularly when dealing across borders with unfamiliar currencies.

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