Bankers Acceptance

Example Definitions of "Bankers Acceptance"
Bankers Acceptance. The term "banker's acceptance" as used herein shall refer to a time draft that is an order written by the beneficiary of a letter of credit as the drawer of the time draft instructing the issuer of the letter of credit as the drawee to pay the amount specified in the time draft that has been accepted by a bank.
Found in AEP INDUSTRIES INC contract
Bankers Acceptance. The term "banker's acceptance" as used herein shall refer to a A time draft that is an order written by the beneficiary of a letter of credit as the drawer of the time draft instructing the issuer of the letter of credit as the drawee to pay the amount specified in the time draft that has been accepted by a bank.
Found in PILLOWTEX CORP contract
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Bankers Acceptance. Means a time draft or bill of exchange (in each case, payable not more than 90 days duration from acceptance) relating to a Commercial Letter of Credit which has been accepted by an Issuing Bank.
Found in PIER 1 IMPORTS INC contract
Bankers Acceptance. Shall mean a time draft accepted by CNB upon the drawing of a Letter of Credit issued under this Agreement.
Found in SIMON WORLDWIDE INC contract
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