Exchequer Bills
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
Bills of credit issued by authority of parliament They constitute the medium of transaction of business between the bank of England and the government. The exchequer bills contain a guarantee from government which secures the holders against l< ss by fluctuation. Wharton; Mc Culloch, Comm. Diet.