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English definition of “bank bill”

bank bill

noun [C]
 
 
( also banker's acceptance) FINANCE a document signed by a bank agreeing to pay the amount that is named on it: Bank bills are traded in the money markets in the same way as trade bills, except that the rate of discount is smaller.
especially US →  banknote
(Definition of bank bill from the Cambridge Business English Dictionary © Cambridge University Press)
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