bank bill

bank bill
/'bæŋk bɪl/ noun
1. GB a bill of exchange by one bank telling another bank (usually in another country) to pay money to someone
2. GB same as banker’s bill
3. US same as banknote

Dictionary of banking and finance. 2015.

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  • bank bill — ➔ bill of exchange * * *    A bill of exchange issued or accepted by a bank. It is thus more acceptable than a normal trade bill of exchange because the risk is less and the discount is accordingly also smaller.    ► See also Bill of Exchange. *… …   Financial and business terms

  • Bank bill — (b[a^][ng]k b[i^]l ). 1. 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. [1913 Webster] 2. In England, a note, or a bill of exchange, of a bank, payable to… …   The Collaborative International Dictionary of English

  • bank-bill — bankˈ bill noun 1. Formerly, a banknote 2. A bank draft • • • Main Entry: ↑bank …   Useful english dictionary

  • bank bill — n. BANK NOTE …   English World dictionary

  • bank bill — noun a piece of paper money (especially one issued by a central bank) he peeled off five one thousand zloty notes • Syn: ↑bill, ↑note, ↑government note, ↑banker s bill, ↑bank note, ↑banknote, ↑Federal Reser …   Useful english dictionary

  • bank bill — banknote ank note , bank note ank note (b[a^][ng]k n[=o]t ). 1. A promissory note issued by a bank or banking company, payable to the bearer on demand. See also sense 4. [1913 Webster] Note: In the United States popularly called a {bank bill}.… …   The Collaborative International Dictionary of English

  • Bank Bill Swap Bid Rate - BBSY — A benchmark interest rate quoted and dispersed by Reuters Information Service. The BBSY is typically used by financial institutions or corporations engaging in interest rate swaps and related transactions. A good example of where the bank bill… …   Investment dictionary

  • bank bill — A bill of exchange issued or guaranteed (accepted) by a bank. It is more acceptable than a trade bill as there is less risk of non payment and hence it can be discounted at a more favourable rate, although to some extent this depends on the bank… …   Big dictionary of business and management

  • bank bill — noun 1》 Brit. a bill of exchange drawn by one bank on another. 2》 US a banknote …   English new terms dictionary

  • bank bill — /ˈbæŋk bɪl/ (say bangk bil) noun a commercial bill which has been accepted or endorsed by a trading bank …  

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