One of the mysteries of the English language finally explained.
1A timetable for a railway or other means of transport, posted as a bill for public view. Compare "timetable". Now historical.
2British. A record of the precise time a mail delivery reaches particular points on its journey, used by the Post Office to monitor punctuality. Now historical.
3US Finance. A bill payable at a specified future date or a certain length of time after presentation or sight.
Early 19th century; earliest use found in Statutes United Kingdom. From time + bill.
time bill/ˈtʌɪm bɪl/
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