One of the mysteries of the English language finally explained.
1British A bill of exchange drawn by one bank on another.
- ‘On the money market, 90-day bank bill yields were at 6.57 per cent.’
- ‘The 90-day bank bill rate rose from 6.4 per cent in 1973 to 8.8 per cent in 1974-75.’
- ‘Eligible collateral for Open Market Operations include Treasury bills, gilt-edged stock, eligible bank bills, and securities issued by EU governments and supranational institutions.’
- ‘Interest rate futures are futures contracts based on financial instruments such as bank bills of exchange or government bonds.’
- ‘Originally developed to thwart counterfeiting of bank bills, Hitachi said the minute integrated circuit could equally be embedded in consumer products to track them in case of theft.’
2USanother term for banknote
- ‘Henderson went in first, presented a bank bill and asked the clerk, a man named Jesse Baker, if it was good.’
- ‘He designed tissues, stamps and even bank bills.’
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