bankers'acceptance
bankers'sacceptanceisabank'scommitmenttopayastipulatedamountofmoneyonaspecificfuturedateunderspecifiedconditions.inlegallanguage,thebankagreestobetheprimaryobligor,committedtopayingoffthecustomers'debtregardlessofwhathappenssubsequently,inreturnofafee.

citedfrompeters.rose:commercialbankmanagement.