What is BANK-BILL?

A promissory note issued by a bank, payable to the bearer on demand, and designed to circulate as money. Townsend v. People, 4 HI. 32S; Low v. People, 2 Park. Cr. R. (N. Y.) 37: State v. Hays, 21 Ind. 176; State v. Wilkins, 17 Vt 155.

More On This Topic
  1. Understanding the 4 Types of Notes Payable To Banks
  2. How to Close a Failed Bank Resolution
  3. Four Reasons to Use a Bill of Sale Template When Selling a Car
  4. How Do I Withdraw Money from My Bank Account in Another Country?
  5. How a Bill of Lading Makes the World Go Round
  6. How To Write A Promissory Note
  7. PNC Bank Vs. Keybank
  8. What Does Pod Mean On A Bank Account?
  9. 3 Common Misconceptions People Have About Mortgage Law
  10. What Are The Functions Of The Federal Reserve Bank?

Related Legal Terms
BANK BILL, BANK NOTE, BANK TO BANK LETTER OF CREDIT (L/C), BILL OF EXCHANGE, TREASURY BILL (T-BILL), BILL OF CREDIT, GRAND BILL OF SALE, DUE-BILL, DEALER BANK, BANK LOAN INSTRUMENT


Link to This Definition
Did you find this definition of BANK-BILL helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary