Series 66: 2.4.17.2. Banker’s Acceptances

Taken from our Series 66 Online Guide

2.4.17.2. Banker’s Acceptances

A banker’s acceptance is a short-term credit instrument issued by a business for the purchase or sale of goods, usually in an international market. Banker’s acceptances are usually issued at a discount to face value, like Treasury bills, and they can be traded on the secondary market.

A banker’s acceptance works in the

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