Banker's Acceptance - BA

What Does Banker's Acceptance - BA Mean?
A short-term credit investment created by a non-financial firm and guaranteed by a bank.

Investopedia explains Banker's Acceptance - BA
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.

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Bank Endorsement
BAX Contract
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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.
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