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.

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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


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