inland bill (Meaning)
Wordnet
inland bill (n)
a bill of exchange that is both drawn and made payable in the same country
Synonyms & Antonyms of inland bill
No Synonyms and anytonyms found
inland bill Sentence Examples
- The business secured financing through an inland bill, a type of financial instrument.
- Inland bills are used to finance domestic trade transactions, unlike foreign bills.
- The drawer of an inland bill promises to pay a specified sum to the payee at a specified time.
- Inland bills are typically short-term, with maturities of up to 90 days.
- The drawee of an inland bill is the party responsible for paying the bill when it matures.
- Inland bills can be discounted by banks or other financial institutions to provide immediate cash flow.
- The use of inland bills in trade promotes the smooth and efficient flow of goods and services.
- Inland bills can carry interest, which is paid by the drawer to the payee.
- The advent of electronic payment systems has reduced the reliance on inland bills in some jurisdictions.
- Inland bills remain an important financing tool for businesses involved in domestic trade.
FAQs About the word inland bill
a bill of exchange that is both drawn and made payable in the same country
No synonyms found.
No antonyms found.
The business secured financing through an inland bill, a type of financial instrument.
Inland bills are used to finance domestic trade transactions, unlike foreign bills.
The drawer of an inland bill promises to pay a specified sum to the payee at a specified time.
Inland bills are typically short-term, with maturities of up to 90 days.
