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Bill of Credit |
Also found in: Dictionary/thesaurus, Legal | 0.01 sec. |
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Bill of Credit 1. A bill issued by a government that may be traded as money and may be redeemed by the holder for actual money on a given day. 2. A request for payment by a third party. For example, if one writes a check to a seller, the seller demands payment from the bank out of the funds it holds on behalf of the buyer. In this case, the check is a bill of credit. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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