Time Bill (Noun)
Meaning
A draft payable at a specified future date.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company issued a time bill to the supplier for the goods delivered, payable in three months.
- The time bill was discounted at the bank to receive immediate payment.
- She received a time bill from her client for the freelance work completed.
- The time bill was drawn for a sum of $10,000, payable in six months.
- The company accepted the time bill and returned it to the drawer for payment on the due date.