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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.
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.


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During one taping of "The Capital Gang," Margaret Carlson recalls being flummoxed when Bob Novak shouted at her: "what's the due bill on that?
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With USPP, customers pay no deposit or reconnection charges, but they must pay any amount on their past due bill above $400.
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to pay its past due bill of $60 million for cost overruns on the Hollywood line.
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