bill obligatory


Also found in: Legal.

bill obligatory

n. pl. bills obligatory
A negotiable promissory note payable only by the original debtor. Also called obligatory bill.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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The analysis of Merchant turns around the sealed bond, or bill obligatory, at the center of the play.