time bill
- noun
- Archaic
:
letra de cambio a plazo
- The exporter agreed to accept a time bill rather than demand immediate payment.
Examples
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Banks often discount a time bill before it reaches its due date.
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A time bill matures ninety days after the shipping date.
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The time bill is due soon!
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I received a time bill yesterday.
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A time bill matures ninety days after the shipping date.
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Banks often discount a time bill before it reaches its due date.
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The exporter agreed to accept a time bill rather than demand immediate payment.
Synonyms
A written order to pay money on a set future date
A written order telling one person or bank to pay money to another at a set time
Surface Forms
Morphology
The compound 'time bill' is directly interpretable as a 'bill' specified by 'time' — i.e. a bill tied to a particular time or payable at a future date. Although it's a specialized financial term, a B1 learner who knows 'time' and 'bill' can infer it refers to delayed/future payment, so the meaning is compositionally transparent.
Etymology
Time bill may come from the image of a paper bill pinned to a calendar until the chosen time arrives. So, it means a payment note that is only 'payable later' on a set date, not 'on demand'.
