TeachMeFinance.com - explain Bill
Bill -- 1. A "Bill of Exchange" or "Draft" (same thing).
2. A written statement of contract terms.
3 .The word "Bill" has many other international trade connotations - "Invoice" etc.
Bill -- This term applies to a bill of exchange (draft) or to a
promissory note or any document requiring payment.
Also, a bill is a statement of an account or of money due ;
a paper setting forth the particulars and amount of a debt.
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