Meaning of “trade bill” in the English Dictionary

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"trade bill" in Business English

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trade billnoun [ C ]

uk us also commercial bill FINANCE, COMMERCE

a bill of exchange (= a document ordering someone to pay a particular amount at a particular time) that is used to pay for goods:

If the trade bill is accepted, in effect the buyer is getting credit from the seller.

(Definition of “trade bill” from the Cambridge Business English Dictionary © Cambridge University Press)