due bill


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Due bill

An instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Occasionally used in the bill market.

Invoice

A statement given by a seller to a buyer itemizing the sale and demanding payment. An invoice may be for the sale of a good or a service. The invoice usually states the names of the counterparties and the goods and/or services purchased, and adds any applicable sales tax or VAT. It may also include the terms of sale, especially if it is a credit sale. An invoice is also called a bill or a due bill. See also: Receipt.

due bill

A statement of a liability by one party to another party following a transaction. In the case of a security transaction, a due bill reflects money or securities owed by one broker to the other broker. For example, stock purchased on the ex-dividend date gives the seller rather than the buyer the right to receive the subsequent dividend. However, because the actual payment date of the dividend may follow the ex-dividend date by as much as a month, the buyer will be required to sign a due bill indicating that the dividend belongs to the selling party. Also called bill.
References in periodicals archive ?
The due bills will require any record holder who sells TDS Common Shares during the due bill period to deliver the right to receive the Special Common Shares to the buyer of the stock on May 18, 2005, the settlement date for due bills.
The Due Bill Redeemable Date relates to shareholders that sell common stock before the Ex-Date.
The due bill redeemable date established by FINRA for the Distribution is December 26, 2012.
Pursuant to the TSX Venture Exchange s ( TSXV ) Due Bill trading procedures, trades of Donnybrook Shares entered into from and including April 10, 2013 until April 15, 2013 (the anticipated effective date of the Arrangement and distribution payment date) will have a Due Bill attached which will allow the purchaser of Donnybrook Shares to receive the applicable distribution of Cequence Shares instead of the seller of Donnybrook Shares, even if such trades are settled after the proposed April 12, 2013 distribution record date.
The TSX determined that due bill trading procedures were used in connection with the distribution of the PetroBakken shares to the Petrobank shareholders pursuant to the Reorganization.
to pay its past due bill of $60 million for cost overruns on the Hollywood line.
This will mean that trades in Maxygen common stock entered into after the record date of December 3, 2010 and before December 15, 2010 (the "due bill period") will have a due bill attached for the distribution of shares of Codexis common stock payable on December 14, 2010.
Trades of common shares of Resverlogix ("Resverlogix Shares") entered into from and including May 29, 2013 until June 3, 2013 (the anticipated effective date of the Arrangement and the distribution payment date) will have a Due Bill attached which will allow the purchaser of Resverlogix Shares to receive the applicable distribution of Newco Shares instead of the seller of Resverlogix Shares, even if such trades are settled after the May 31, 2013 distribution record date.
In addition, the Nasdaq will apply its due bill procedures, pursuant to which trades of the Company's ADSs entered into before January 23, 2012 and settled after the record date (the "due bill period") will have a due bill attached for the special cash dividend payable on January 20, 2012.
In addition, the New York Stock Exchange will apply its due bill procedures.
From June 12, 2006 through June 30, 2006, shares of Cooperative will trade with due bills, which entitle those who buy the stock during this time to receive the 50% stock dividend.