banker's payment

A bank draft drawn in favour of another bank, as settlement of business between the two banks.

Accounting dictionary. 2014.

Look at other dictionaries:

  • banker's acceptance — ( BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including domestic as well as… …   Financial and business terms

  • banker's discount — ➔ discount1 * * * banker s discount UK US noun [C] BANKING, FINANCE ► the difference between the amount shown on a bill of exchange, etc. that a customer sends to a bank for payment, and the amount that the customer receives, after the bank has… …   Financial and business terms

  • banker's acceptance — n: a short term credit instrument issued by an importer s bank that guarantees payment of an exporter s invoice Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Banker's acceptance — A short term credit investment created by a non financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market. These instruments have been a popular investment for money market… …   Financial and business terms

  • banker's draft — noun a draft drawn by a bank against funds deposited in another bank • Syn: ↑bank draft • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun Etymology: banker ( …   Useful english dictionary

  • banker's acceptance — noun banking: a time draft drawn on and accepted by a bank • Syn: ↑acceptance • Hypernyms: ↑draft, ↑bill of exchange, ↑order of payment * * * noun Etymology: banker ( …   Useful english dictionary

  • payment date — The date that dividends, interest, or principal and interest payments are due to be paid to the owner of record of a security. American Banker Glossary The date on which shareholders of record will be sent a check for the declared dividend.… …   Financial and business terms

  • banker’s order — / bæŋkəz ˌɔ:də/ noun an order written by a customer asking a bank to make a regular payment ● He pays his subscription by banker’s order …   Dictionary of banking and finance

  • payment guaranty — A guaranty in which the signer is guarantying payment of the obligation upon the borrower s failure to pay without the bank having to first attempt to collect from the borrower or from any collateral. American Banker Glossary …   Financial and business terms

  • banker's acceptance — noun Date: circa 1924 a short term credit instrument issued by an importer s bank that guarantees payment of an exporter s invoice …   New Collegiate Dictionary

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