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 be redeemed on April 18, 2013 once all trades with attached Due Bills entered into up to April 15, 2013 have settled.
Due bills are essentially an assignment from a seller of common stock to a buyer of the right to receive the dividend if the condition to the dividend is satisfied.
The due bills will settle on the third trading day after the distribution date.
The Due Bills will be redeemed on 5 June 2015 once all trades with attached Due Bills entered into up to the close of trading on 2 June 2015, have settled.
The performance bond shall be constituted in one of the following ways: - by a guarantee instrument issued under the law by a banking company or an insurance company, which is annex to the contract, withholding -by successive partial payment due bills , under art.
The performance guarantee shall be in the amount of 5% of the contract value excluding VAT through a guarantee instrument issued under the law by a banking company or an insurance company (original) or through successive deductions from payments due bills partial compliance with the provisions of Article 90 of GD 925/2006.
The performance bond shall be in the amount of 5% of the contract value excluding VAT through a guarantee instrument issued under the law of a banking company or an insurance company (original) or by withholding payment due bills successive partial compliance with the provisions of Article 90 of Government Decision no.
1) of GD 925 / 2006 or by retaining successive partial sums due bills, as provided in Article 90.
This will result in due bills for the distribution being issued with respect to trades that occurred on December 13, 14 and 17.
Since August of 2006 the company (IBAC) has paid almost $1,000,000 dollars in past due bills and operating short falls (plus its initial investment and carrying costs of about $800,000) to try and keep the property going until finally it became a reality that the property had no chance of survival so the decision was made to close the doors, the company apologizes for the way the property was shut down, but the company did the best it could under adverse circumstances.
The NYSE has advised Reckson that it intends to trade Reckson shares with due bills after such declaration with the result that the dividend will be paid to those holders entitled to receive the merger consideration.
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.