Bill Payable
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
In mercantile law. A bill of exchange accepted, or a promissory note made, by a merchant, whereby he ha.s engaged to pay money. It is so called as being payable by him. An account is usually kept of such bills in a book with that title, and also in the ledger. See Pars. Notes & Bills.