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Meaning of “trade bill” in the English Dictionary

"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)
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