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English definition of “period bill”

period bill

noun [C]
 
 
( also term bill)
FINANCE, COMMERCE a document, used especially in international trade, that requests that a person or organization pays a particular amount of money for goods or services by an agreed date: You are legally obliged to pay the amount on a period bill at a specified date.
(Definition of period bill from the Cambridge Business English Dictionary © Cambridge University Press)
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