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Banker acceptance - What is Banker Acceptance example?


Banker's acceptance




You go through a credit check and possibly additional underwriting processes.



After acceptance, the draft becomes an unconditional liability of the bank.





Any limitation or restriction in this section based on paid-up and unimpaired capital stock and surplus of an institution shall be deemed to refer, with respect to a United States branch or agency of a foreign , to the dollar equivalent of the paid-up capital stock and surplus of the foreign , as determined by the , and if the foreignhas more than one United States branch or agency, the business transacted by all such branches and agencies shall be aggregated in determining compliance with the limitation or restriction.




Banker's acceptance definition — AccountingTools





What is Banker Acceptance example?





Bankers Acceptances (BAs)






Acceptance as an Investment Since is a short-term, negotiable agreement, it acts much like other money market instruments.



A banker's acceptance requires the bank to pay the holder a set amount of money on a set date.


Description: If you are trying to obtain an acceptance, approach a bank with which you have a good working relationship.

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While banks often sell their acceptances through in New York and other major financial centers, they may use their branch network to supplement sales.
She most recently worked at Duke University and is the owner of Peggy James, CPA, PLLC, serving small businesses, nonprofits, solopreneurs, freelancers, and individuals.

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