An instrument evidencing the obligation of a seller to deliver sold securities to the buyer of those securities. American Banker Glossary
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An instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Occasionally used in the bill market. Bloomberg Financial Dictionary
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due bill UK US noun [C] US ACCOUNTING, COMMERCE
► an amount of money that is owed at a particular time: »
Online payment of due bills is offered as an option to paper checks.
Financial and business terms. 2012.