short bill

A customer receives a short bill at a restaurant.

Definition

1. Noun:
   • A financial instrument with a short maturity period: "short bill" refers to a bill of exchange or promissory note that is due for payment within a relatively brief time frame, typically less than one year. It is a type of short-term debt obligation often used in commercial transactions.

Usage Examples

• (A short-term financial document requiring payment soon.)
• (Short-term debt instruments with quick maturity.)

Advanced Usage

• "to discount a short bill": to sell a short-term bill before its maturity date at a reduced price.
  • The bank discounted the short bill to provide the client with immediate funds. (The bank bought the bill at a lower value before it was due.)

Variants and Related Words

• Short-term bill (n): another term for "short bill," emphasizing the brief duration.

  • The treasurer approved the short-term bill to manage liquidity. (A financial instrument maturing soon.)

• Bill (n): a broader term for a written order to pay a sum of money.

  • He paid the electricity bill on time. (A request for payment, not necessarily short-term.)

Synonyms

• Short-dated bill: a bill with a due date soon after issuance.
• Treasury bill: a government-issued short-term debt instrument (a specific type of short bill).
• Promissory note (short-term): a written promise to pay a specific amount by a certain date.

Related Idioms

• "a short bill of exchange": a formal phrase for a bill payable within a short period.
  • The exporter accepted a short bill of exchange for the shipment. (A quick-payment document in trade.)

Phrasal Verbs (Contextual)

• Draw up a short bill: to create or prepare a short-term financial document.

  • The accountant drew up a short bill to settle the debt. (Prepared the instrument for payment.)

• Honour a short bill: to pay it when due.

  • The firm honoured the short bill on its maturity date. (Paid the obligation promptly.)