| Banking Dictionary: Bills Payable |
1. Trade obligations of a firm, such as a trade acceptance or Banker's Acceptance payable at maturity.
2. A bank's indebtedness to other banks, principally an Advance from a Federal Reserve Bank, backed by the bank's own promissory note and a pledge of government securities as collateral. See also Borrowed Funds.
| 5min Related Video: Bills Payable |
 | BP (abbreviation) |
| at sight (Idiom) |
| Borrowed Funds (in banking) |
 | Difference between accounts payable and bills payable? |
| Difference between account payable and bills payable in 4 points? |
| Diffrence between account payable and bills payable? |
Copyrights:
 |
 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
Mentioned in
