Banker's Acceptance - BA

What does it Mean? A short-term credit investment created by a non-financial firm and guaranteed by a bank.
Investopedia Says... Acceptances are traded at a discount from face value on the secondary market. Banker's acceptances are very similar to T-bills and are often used in money market funds.

Terms Related Links

BAX Contract
Certificate of Deposit - CD
Commercial Paper
Discount
Money Market
Money Market Fund
Treasury Bill - T-Bill

Terms Related Links
Money Market: Banker's Acceptance - A banker's acceptance (BA) is a short-term credit investment created by a non-financial firm and guaranteed by a bank to make payment.

What's the difference between marketable securities and equity?




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