Definitions for "Bank Bill" Add To Word List
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In America (and formerly in England), a promissory note of a bank payable to the bearer on demand, and used as currency; a bank note.
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In England, a note, or a bill of exchange, of a bank, payable to order, and usually at some future specified time. Such bills are negotiable, but form, in the strict sense of the term, no part of the currency.
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Bill of Exchange of which the acceptor and/or endorser is a bank. If the bank is the acceptor, the bill is known as a bank accepted bill. If the bank is the endorser, the bill is known as a bank endorsed bill.
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a piece of paper money (especially one issued by a central bank); "he peeled off five one-thousand-zloty notes"
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a discounted bank-accepted bill of exchange
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a note issued by a lender promising to pay the bearer on demand
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A bill of exchange issued or accepted by a bank. It is thus more acceptable than a normal trade bill of exchange as the risk is less while the discount is also smaller. See Bill of Exchange.
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A Bill of Exchange which has been accepted and/or endorsed by a bank.
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A bank bill is a short-term money market investment. The investor purchases a bank bill at a discount to its face value. The face value is the amount the investor will receive at the maturity date. The amount of discount (the difference between face value and purchase price) represents the return to be earned by holding the bank bill to maturity. Bank bills are short-term investments. Generally the available terms range from 30 days to 180 days. The interest rate available for longer terms is typically higher than for shorter terms, but this is not always the case.
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A Bill of Exchange involving a bank and another entity (either a company or individual). The bill can either be endorsed or accepted by the bank.
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