Business / Finance / Bankers Acceptance: A short-term credit investment created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have been a popular investment for money market funds. They are commonly used in international transactions.
Business / Finance / Eligible Bankers Acceptances: An index based on the average yield of 11 municipal bonds that mature in 20 years and carry an average AA rating. The eleven bonds used to calculate the index are also found in the 20 bond index, whic MORE
Business / Real Estate / Offer And Acceptance: Two essential components of a valid contract, a meeting of the minds. MORE