Domestic Encyclopædia (1802)/Bill, in Commerce

Bill, in commerce, a security for the payment of money given under the hand of the debtor, by which he is bound to pay the sum specified either on demand, or at some future day, according to the agreement of the parties.

In case of failure, the payment may be legally enforced. These bills must be written on stamped paper: if under 30l. the duty is 8d.; if above 30l. and not exceeding 50l. it is 1s.; above 50l. and not exceeding 100l. the duty is 1s. 4d.; and above 100l. and not exceeding 200l. it is 2s.