discounted bill of exchange
1discounted bill — ➔ bill of exchange * * * discounted bill UK US noun [C] FINANCE ► a bill of exchange that can be sold before its payment date at a price that is lower than its value, so investors will get a profit when the bill is paid on its payment date: »A… …
2Bill of exchange — General term for a document demanding payment. The New York Times Financial Glossary * * * bill of exchange ˌbill of exˈchange abbreviation b/e or bill noun bills of exchange PLURALFORM …
3bill of exchange — General term for a document demanding payment. Bloomberg Financial Dictionary * * * bill of exchange ˌbill of exˈchange abbreviation b/e or bill noun bills of exchange PLURALFORM [countable] …
4bill — ▪ I. bill bill 1 [bɪl] noun [countable] 1. ACCOUNTING a list showing how much you have to pay for services or goods received; = INVOICE: • big companies that fail to settle their …
5Discounted — A bill of exchange which is cashed in before it is due …
6bill rate — discount rate The rate on the discount market at which bills of exchange are discounted (i.e. purchased for less than they are worth when they mature). The rate will depend on the quality of the bill and the risk the purchaser takes. First class… …
7bill rate — discount rate The rate on the discount market at which bills of exchange are discounted (i. e. purchased for less than they are worth when they mature). The rate will depend on the quality of the bill and the risk the purchaser takes. First class …
8bank 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… …
9trade bill — A bill of exchange used to pay for goods. They are usually either held until they mature, as they do not command a favourable discount rate compared to bank bills, or they are discounted by banks …
10ineligible bill — /ɪn elɪdʒəb(ə)l bɪl/ noun a bill of exchange which cannot be discounted by a central bank …
