Skip to main content

">Bankers’ acceptance (BA)

« Back to Glossary Index

A bankers’ acceptance is a debt instrument that is guaranteed by a bank and used to raise short-term funds in the money market. Lenders refer to bankers’ acceptance yields when setting variable mortgage rates. The 30-day BA is therefore one of the leading indicators of variable-rate mortgage discounts.

« Back to Glossary Index

compare button