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.’
- ‘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.’
- ‘Eligible collateral for Open Market Operations include Treasury bills, gilt-edged stock, eligible bank bills, and securities issued by EU governments and supranational institutions.’
- ‘The 90-day bank bill rate rose from 6.4 per cent in 1973 to 8.8 per cent in 1974-75.’
- ‘Interest rate futures are futures contracts based on financial instruments such as bank bills of exchange or government bonds.’
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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