eligible bill Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “eligible bill” in the English Dictionary

"eligible bill" in Business English

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eligible billnoun [C]

uk   us   BANKING
in the UK, a bill of ​exchange (= ​documentorderingpayment for ​goods or ​services) that a ​bankapproved by the Bank of England has ​accepted, and which the Bank of England has ​agreed to ​buy immediately: Eligible ​bills are virtually ​riskfree since the Bank ​guarantees to ​buy all that are ​offered.
(Definition of eligible bill from the Cambridge Business English Dictionary © Cambridge University Press)
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