One of the mysteries of the English language finally explained.
A bill of exchange issued by a commercial organization to raise money for short-term needs.
- ‘They do not apply to dealings by banks in other types of negotiable instruments such as promissory notes and commercial bills of exchange.’
- ‘They quickly replaced the liquidity lost as a result of the disappearance of sterling commercial bills.’
- ‘The most worrisome is their commercial bills amounting to 89 trillion won, nearly a third of which will meet their maturity this year.’
- ‘During the '90s we have seen returns on bank deposits and commercial bills, particularly important to fixed-income earners, barely above the official CPI inflation levels, currently providing a real return of just over two per cent.’
- ‘The tax required that all newspapers, pamphlets, legal documents, commercial bills, advertisements, and other papers issued in the colonies bear a stamp.’
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