due bill

Definition of "due bill"
  1. A written document provided by a bank to the buyer of a financial asset, in lieu of the asset itself, which allows the buyer to collect payment upon submission of the document
How to use "due bill" in a sentence
  1. The bank issued a due bill to the investor as the security had not been physically printed yet.
  2. Upon selling her bonds, she received a due bill from her bank, entitling her to collect the sale earnings.
  3. His bank couldn't instantly transfer the bought shares into his account, so they provided him with a due bill instead.

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