Web www.software-risk.co.uk

A short-term credit investment created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have been a popular investment for money market funds. They are commonly used in international transactions.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
Bawag Starts Legal Ball Rolling
Short-term
Secondary market
Money market
Floating-rate preferred
Floating-rate note (FRN)
Financial planner
Figuring the tail

Similar Areas

Finance Items

Selected Books

Keywords

Bankers acceptance

banker

short-term

guaranteed

secondary market

money market

money market funds

international transactions