Disadvantages Of Bankers Acceptance - Disadvantages Of Bankers Acceptance / Disadvantages Of ... / A banker's acceptance is a document promising that a bank will pay a sum of money to the bearer after a specific date.
Disadvantages Of Bankers Acceptance - Disadvantages Of Bankers Acceptance / Disadvantages Of ... / A banker's acceptance is a document promising that a bank will pay a sum of money to the bearer after a specific date. . The draft specifies the amount of funds, the date of the payment (or maturity). Banker's acceptances are contingent liabilities of banks on behalf of their best customers which banks undertake to pay in case of failure to honour the instrument by their customers. Basically, bankers acceptances (ba) are time drafts on a bank where one party is unwilling to offer their goods or services to another party based on their credit. Disadvantages of bankers acceptance bankers' acceptances have been in existence since the 12th century and are used extensively in facilitating international trade transactions the payment is accepted and guaranteed by the bank as a time draft to be drawn on a deposit. Bankers' acceptances have been in existence since the 12th ce
