exchequer bill

exchequer bill
: a former British short-time bill of credit or promissory note issued by governmental authority and bearing interest — compare treasury bill

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exchequer bill noun
A bill issued by the Exchequer, as security for money advanced to the government
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Main Entry:exchequer

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Exchequer bill,
a negotiable bill of credit, bearing interest at a current rate, formerly issued by the British Exchequer for raising money to meet some emergency.

Useful english dictionary. 2012.

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