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Business Glossary

Business Definition for: bills payable

Dictionary of Banking Terms

bills payable

trade obligations of a firm, such as a trade acceptance or banker's acceptance , payable at maturity.
a bank's indebtedness to other banks, principally an advance from a Federal Reserve Bank, backed by the bank's own promissory note and a pledge of government securities as collateral.See also borrowed funds .

Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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