A banker's acceptance is a draft drawn on and accepted by a(n) ____.

Name: A banker's acceptance is a draft drawn on and accepted by a(n) ____.
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A banker's acceptance is a draft that has been accepted by a bank, indicating the bank's commitment to pay the amount specified on the draft at a future date. The acceptance makes the draft a more secure form of payment for the recipient, typically an exporter, as it guarantees payment by a reputable financial institution.

A Banker's Acceptance Is a Draft Drawn on and Accepted