Definition of Long bill

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TeachMeFinance.com - explain Long bill




historic definition...

Long bill -- Same as long-dated bill ; a bill of foreign exchange (draft) Having a long time to run. A bill running- for 60 days or more is usually termed a long bill or a long-dated bill. A long bill of exchange is sold at a lower price than a short or demand bill because the buyer loses the use of his money, which is the same as saying he loses interest on his money, until the bill falls due.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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