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 "bill payable" within a statute prohibiting bank cashiers from issuing "bills payable" without consent of the directors. W. J. Howey Co. v Cole, 219 Mo App 34, 269 SW 955. See payable to bills payable.

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

  • 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 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

  • 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

  • bills payable — noun The outstanding unpaid notes or acceptances made and issued by an individual or firm …   Wiktionary

  • bills payable — statement of money paid by a business …   English contemporary dictionary

  • payable to bills payable — Designation of an impersonal payee in creating a bearer instrument. 11 Am J2d B & N § 124 …   Ballentine's law dictionary

  • 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

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