A time draft payable to a seller of goods with payment guaranteed by a bank is a

Name: A time draft payable to a seller of goods with payment guaranteed by a bank is a
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A time draft payable to a seller of goods with payment guaranteed by a bank is a banker's acceptance. This is a type of financial instrument that guarantees payment to the seller by the buyer's bank, typically used in international trade transactions. It is a form of commercial paper security.

A Time Draft Payable to a Seller of Goods with Payment