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.
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.
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.
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.