due bill
- 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
- The bank issued a due bill to the investor as the security had not been physically printed yet.
- Upon selling her bonds, she received a due bill from her bank, entitling her to collect the sale earnings.
- 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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