What is the creditworthiness of a bankers' acceptance? How does it differ from that of the international

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What is the creditworthiness of a bankers' acceptance? How does it differ from that of the international trade draft? What determines the face value of the acceptance?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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