TeachMeFinance.com - explain Grain bill
Grain bill -- A draft (bill of exchange) drawn against the
buyer or consignee of a shipment of grain. The bill of lading
is attached to (accompanies) the draft and is surrendered on
payment or acceptance, as the case may be, of the draft.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.