ANZ

The ANZ website contains the following categories:

The category contains the following sections:

    Financial Dictionary

    Dictionary Home The Language of Money - Edna Carew
    A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



    Commercial bill

    A non-bank bill of exchange (loan) generated by merchant or investment banks and companies. The bill is evidence of the borrower's debt and commitment to repay at the due date. These bills are covered by the Bills of Exchange Act 1909 - 73, as are bank bills, but they are called 'commercial' to indicate they are issued by institutions other than banks.

    See also: bill of exchange, paper.

    Important notice