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 money.

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


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 money.

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

Look at other dictionaries:

  • Bill of credit — 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

  • Line of credit — Finance Financial markets Bond market …   Wikipedia

  • Letter of Credit — Ein Akkreditiv (von lat. credere, glauben, engl. letter of credit (L/C)) ist eine Bescheinigung einer Person oder Körperschaft gegenüber einer anderen. Inhaltsverzeichnis 1 Dokumenten Akkreditiv 1.1 Das Dokumenten Akkreditiv als Instrument der… …   Deutsch Wikipedia

  • letter of credit — Succinctly, a letter authorizing the addressee to pay money or supply a commodity to a third person on the credit of the writer. 24 Am J1st Guar § 20. Wilbert Ward, in his American Commercial Credits at page 9, says: A buyer who can place in the… …   Ballentine's law dictionary

  • line of credit — noun a borrowing facility, such as an option to draw bank bills, usually extended on an indefinite basis so that the borrower can draw on the funds when the need arises, or arranged pending a project for which the money is needed. Also, credit… …   Australian English dictionary

  • Bank of Credit and Commerce International — Infobox Defunct company company name = Bank of Credit and Commerce International company slogan = company type = fate = Liquidation Predecessor = successor = foundation = flagicon|UK London in 1972 defunct = 1991 location = flagicon|UK London… …   Wikipedia

  • 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

  • Credit Union Centre — Former names Saskatchewan Place Location 3515 Thatcher Avenue Saskatoon, Saskatchewan S7R 1C4 …   Wikipedia

  • Credit Control — Banking A series on Financial services …   Wikipedia

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