A banker's acceptance is a ________ that has been accepted by a bank.

Name: A banker's acceptance is a ________ that has been accepted by a bank.
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A banker's acceptance is a type of time draft that has been accepted and guaranteed by a bank, making it a secure form of payment. The bank's acceptance means that it will pay the holder of the banker's acceptance the full amount specified on the maturity date of the acceptance.

A Banker's Acceptance Is a ________ That Has Been Accepted