Reference Entry

bank bill

Jonathan Law

in A Dictionary of Business and Management

Fifth edition

Published in print January 2009 | ISBN: 9780199234899
Published online January 2009 | e-ISBN: 9780191726545
bank bill

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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's credit rating....

Reference Entry.  50 words. 

Subjects: Business and Management

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