If the buyer's or seller's bank stamps its name,date,and signature on the face of a draft,it becomes a:

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When a bank stamps its name, date, and signature on the face of a draft, it becomes a banker's acceptance. This indicates that the bank has accepted the obligation to pay the face value of the draft on its maturity date. The use of banker's acceptances is common in international trade transactions, where they provide assurance to the seller that payment will be made by a reputable financial institution.

If the Buyer's or Seller's Bank Stamps Its Name,date,and Signature