Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “backed bill”

backed bill

noun [C]    
BANKING, FINANCE a type of bill of exchange (= written promise to pay a debt) in which a bank agrees to pay a debt if the person or organization borrowing the money is unable to pay it
(Definition of backed bill noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of backed bill

Word of the Day

limber up

to do gentle exercises to stretch the muscles in order to prepare the body for more active physical exercise

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More