Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

banker's acceptance

Read a random definition: moorage

A quick definition of banker's acceptance:

Banker's acceptance is a type of financial document that is issued by a commercial bank. It is a promise made by the bank to pay a certain amount of money at a future date. This document is often used in international trade to finance the sale of goods. It is a way for the seller to ensure that they will receive payment for their goods, and for the buyer to have a guarantee that the goods will be delivered. Banker's acceptance is a legal and binding agreement between the bank and the parties involved in the transaction.

A more thorough explanation:

A banker's acceptance is a type of negotiable instrument that is drawn on and accepted by a commercial bank. It is often used to finance international trade transactions.

For example, if a company in the United States wants to buy goods from a company in China, they may use a banker's acceptance to facilitate the transaction. The U.S. company would ask their bank to issue a banker's acceptance, which the Chinese company would then accept. The bank would then guarantee payment to the Chinese company at a later date.

Banker's acceptances are considered to be very safe investments because they are backed by the creditworthiness of the bank that issued them. They are often used by investors as a way to earn a low-risk return on their money.

bank bill | banker's note

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.