bank bill

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}. [1913 Webster]

2. Formerly, a promissory note made by a banker, or banking company, payable to a specified person at a fixed date; a bank bill. See {Bank bill}, 2. [Obs.] [1913 Webster]

3. A promissory note payable at a bank. [1913 Webster]

4. A promissory note issued by an authorized bank, payable to the bearer on demand and intended to circulate as government-authorized money; in the United States such notes may only be issued by a Federal Reserve Bank; as, he peeled off five one-thousand-zloty banknotes.

Syn: bill, note, government note, bank bill, banker's bill, bank note, Federal Reserve note, greenback. [1913 Webster +PJC]

The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • 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 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 — / 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

  • 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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