What does Banker's Acceptance mean?

Banker's Acceptance meaning in Finance Dictionary

A short-term credit financial investment developed by a non-financial company and fully guaranteed by a bank regarding repayment. Acceptances are exchanged at discounts from face value within the secondary market. These instruments have been a favorite financial investment for the money marketplace funds.

Banker's Acceptance meaning in General Dictionary

financial: a period draft attracted on and accepted by a bank