bills and notes
An archaic term that designated the body of law currently known as the law of commercial paper, which governs the methods by which commercial transactions are financed and facilitated by the execution and transfer of documents that contain promises to repay debts according to the terms specified in the documents.

Dictionary from West's Encyclopedia of American Law. 2005.


bills and notes
An archaic term that designated the body of law currently known as the law of commercial paper, which governs the methods by which commercial transactions are financed and facilitated by the execution and transfer of documents that contain promises to repay debts according to the terms specified in the documents.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • bills and notes — Commercial paper; negotiable and nonnegotiable instruments. See bill of exchange; drafts; promissory notes …   Ballentine's law dictionary

  • Trade bills and promissory notes —   Accounts which contain: all discounted bills and promissory notes used as a means of payment in domestic and international trade (relating to letters of credit and collections) …   International financial encyclopaedia

  • Bills, Bills, Bills — Single par Destiny s Child extrait de l’album The Writing s On The Wall Sortie 15 juin 1999 (voir Historique des sorties) Enregistrement 1998 …   Wikipédia en Français

  • bills of credit — Non interest bearing promissory notes issued by the government and backed by its faith and credit to be paid when presented by their holders, which are in the form of currency and are intended to be circulated and exchanged in the community as… …   Law dictionary

  • Bills payable — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Bills receivable — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Notes —    Medium term government debt instruments, equivalent to bonds, usually with a maturity from two to five years, although usage varies according to market. For commercial borrowers notes usually have a much shorter term and can be comparable to… …   Financial and business terms

  • bills payable — noun The outstanding unpaid notes or acceptances made and issued by an individual or firm …   Wiktionary

  • Art, Antiques, and Collections — ▪ 2003 Introduction       In 2002 major exhibitions such as Documenta 11 reflected the diverse nature of contemporary art: artists from a variety of cultures received widespread recognition for work ranging from installation to video to painting …   Universalium

  • Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …   Wikipedia

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