Diccionario Técnico Online Invertext




Definición 1

General term covering bills of exchange, promissory notes and forward-dated cheques, all being firm and executable undertakings between parties to pay sums on a given date to order or to bearer and all, in principle, being discountable at banks as pecuniary credits. Once discounted they remain on the bank's books as assets awaiting collection, where they are referred to collectively as "trade bills", "commercial paper" or simply "items".

Fuente: Invertext

Contexto: Little used today in corporate funding, [...] banks' purchase of trade bills drawn and accepted by companies used to be important.

Fuente: Financial Times 09/10/2008 (Letter to the editor from Mr John Grout]

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