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Bill |
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Bill 1. A statement given buy a seller to a buyer itemizing the sale and demanding payment. A bill may be for the sale of a good or a service. The bill usually states the names of the counterparties, 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. A bill is also called an invoice. See also: Receipt. 2. Informal for Treasury bill.
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