TeachMeFinance.com - explain Long bill
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
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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