Banker's Acceptance (BA)
A short-term credit investment created by a non-financial firm and guaranteed by a bank. Investopedia Says:
Acceptances are traded at a discount from face value on the secondary market. Banker's acceptances are very similar to T-bills and are often used in money market funds. Related Terms:
BAX Contract
Certificate of Deposit - CD
Commercial Paper
Discount
Money Market
Money Market Fund
Treasury Bill - T-Bill |