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.
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.