Bankers Acceptance

Negotiable time drafts, or bills of exchange, that have been accepted by a bank which, by accepting, assumes the obligation to pay the holder of the draft the face value of the instrument on the specified maturity date. Bankers’ Acceptances are generally used to finance export, import, shipment, or storage of goods.


A condition in which a firm (or individual) is unable to meet its (his) obligations and, hence, its (his) assets are surrendered to a court for administration.

Basis Point

One-hundredth of one percentage point (i. e. 0.01%), normally used for indicating spreads or cost of finance.

Bid/Bond Guarantee

A guarantee issued by a bank on behalf of a seller to a buyer to support the sellers’ bid or tender for a contract. If the sellers’ bid is accepted, the buyer can claim compensation under the guarantee.

Bill Discounting

Receiving payment on a bill of exchange prior to the bill’s maturity by surrendering the bill for the face value less applicable interest for the time remaining up to maturity.

Bank-PO General-Awareness- DoorstepTutor List of Programs

Detailed Explanations to 1311 Questions

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 1311 questions. Access all new questions we will add tracking exam-pattern and syllabus changes.

View Sample Explanation or View Features or

Rs. 500.00 or

305 Must-Know Terms

Learn about important personalities and terminology systematically arranged in topics & updated regularly.

Read now asbolutely FREE!

Sign In