payable to bills payable

Designation of an impersonal payee in creating a bearer instrument. 11 Am J2d B & N § 124.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • bills payable — ➔ bill of exchange * * * bills payable UK US noun [plural] ► ACCOUNTING the bills of exchange that have been received by a company and not yet been paid, and the part of the company s accounts that shows these bills. Bills payable form part of a… …   Financial and business terms

  • payable — pay·able adj: that may, can, or must be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. payable I …   Law dictionary

  • payable — ready to be paid. Glossary of Business Terms * * * payable pay‧a‧ble [ˈpeɪəbl] adjective [not before a noun] 1. ACCOUNTING a bill, debt etc that is payable must be paid, often by a certain date: • Shareholders will receive a final dividend of… …   Financial and business terms

  • bills payable — An accounting term used in financial statements to indicate the obligations of a business remaining unpaid; a form of designation of payee which renders the instrument a bearer instrument. 11 Am J2d B & N § 124. An ordinary promissory note is a… …   Ballentine's law dictionary

  • Bills payable — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Bills receivable — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Bills Payable — Similar to accounts payable, this term is used to describe a bank s indebtedness to other banks, principally a Federal Reserve Bank, that is backed by collateral consisting of the bank s promissory note and a pledge of government securities. In… …   Investment dictionary

  • Payable Through Draft — A draft that is payable through a specific bank. Payable through draft instruments draw money from the account of the issuer. Corporations use these instruments to pay bills, and insurance companies use them to pay claims. The bank s name is… …   Investment dictionary

  • bills payable — An item that may appear in a firm s accounts under current liabilities, summarizing the bills of exchange being held, which will have to be paid when they mature …   Accounting dictionary

  • bills payable — The amounts owed by a business to its creditors, such as trade suppliers. An item that may appear in a firm s accounts under current liabilities, summarizing the bills of exchange being held, which will have to be paid when they mature …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.