What is another word for bankers acceptance?
Pronunciation: [bˈaŋkəz ɐksˈɛptəns] (IPA) 
Bankers acceptance, also known as a time draft or a negotiable instrument, is a short-term credit instrument issued by a corporation that is guaranteed by a bank. This financial instrument is commonly used in international trade and commerce transactions. Some synonyms for bankers acceptance include bank draft, bill of exchange, commercial draft, and trade acceptance. These synonyms refer to a written order to pay a specific amount of money on a specific date, which is used to facilitate payment between two parties in a trade transaction. Bankers acceptance is a crucial tool for businesses engaging in international trade as it offers a reliable form of payment that can be trusted by both parties involved.
