A banker's acceptance promises that the bank will pay some specified amount at a future date.

Name: A banker's acceptance promises that the bank will pay some specified amount at a future date.
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A banker's acceptance is a legally binding contract in which a bank promises to pay a specified amount of money at a future date. It is often used in international trade transactions as a payment instrument for goods and services.

A Banker's Acceptance Promises That the Bank Will Pay Some