inland bill


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Related to inland bill: foreign bill

inland bill

n
(Banking & Finance) a bill of exchange that is both drawn and made payable in the same country. Compare foreign bill
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Noun1.inland bill - a bill of exchange that is both drawn and made payable in the same country
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
References in periodicals archive ?
# Includes sublimit of Rs.50 million of EPC/ inland bill discounting (IBD)/ foreign bill purchase (FBP)/ foreign bill discounting (FBD)
*Interchangeable with export packing credit up to Rs.300 million, cheque discounting up to Rs.200 million, foreign bill discounting (non-letter of credit) up to Rs.20 million, inland bill discounting up to Rs.50 million, letter of credit up to Rs.300 million and bank guarantee up to Rs.200 million.
He shows that the common law courts did indeed deal regularly with commercial cases, both bills of exchange and inland bills. Previous scholars overlooked them because traditional categories of classification simply did not distinguish them clearly.