bank-bill
[See bank n.3 and bill.]
a. Formerly, and still sometimes in the provinces, and in U.S., synonymous with bank-note. b. A bill drawn by one bank upon another, payable at a future date, or on demand; synonymous with banker's draft. † c. (sealed) bank bill: a form of bill or note, bearing interest, issued by the Bank of England at its foundation, but long since discontinued. d. bank post bill: a bill, usually at seven days' sight, issued by the Bank of England for convenience of transmission through the post.
| 1696 Lond. Gaz. No. 3166/4 A Bank Bill for 100l. with Interest at 2d. a day. Ibid. No. 3234/4 Bank Seal Bills, payable with Interest at the Rate of 6 per Cent. per Annum. 1709 Steele Tatler No. 26 ¶9 If I have not left..Bank Bills for 200l. 1711 Lond. Gaz. No. 4875/4 Lost..a Sealed Bank Bill of 100l. at 6 per Cent. 1752 Hume Ess. & Treat. (1777) I. 336 To stuff the nation with this fine commodity of bank-bills and chequer-notes. 1809 R. Langford Introd. Trade 130 Bank bill, a note on the bank, which being accepted by a cashier, will be paid when due. 1812 Examiner 28 Dec. 820/2 The amount of Bank of England Notes and Bank Post Bills now in circulation. 1863 Haydn Dict. Dates 67 Bank bills were paid in silver, 1745. The first bank post-bills were issued 1754. 1878 Symonds Shelley 85 The..story of his having once constructed a boat out of a bank-post bill. |