1. Trade obligations of a firm, such as a trade acceptance or Banker's Acceptance payable at maturity.
2. A bank's indebtedness to other banks, principally an Advance from a Federal Reserve Bank, backed by the bank's own promissory note and a pledge of government securities as collateral. See also Borrowed Funds.
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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