For example, a buyer that purchases a stock ex-dividend, but before the dividend is paid, would provide a due-bill stating that the dividend payment should belong to the seller.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
due bill — see bill 7 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
due bill — ☆ due bill n. a written acknowledgment of a debt to a person named, but neither payable to that person s order nor transferable by endorsement; often, such an acknowledgment exchangeable for merchandise or services only … English World dictionary
Due bill — An instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Occasionally used in the bill market. The New York Times Financial Glossary * * * due bill due bill ➔ bill1 * * * due bill UK US noun [C] US ACCOUNTING,… … Financial and business terms
due bill — An instrument evidencing the obligation of a seller to deliver sold securities to the buyer of those securities. American Banker Glossary An instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Occasionally… … Financial and business terms
due bill — noun 1. : a written acknowledgment of a debt not made payable to order used especially to make payment in services rather than cash (as by hotels for advertising) 2. : a bill for the balance due where the first bill was insufficient * * * a brief … Useful english dictionary
due bill — a brief written acknowledgment of indebtedness, not payable to order. [1785 95, Amer.] * * * … Universalium
due bill — n. written document which is interchangeable for merchandise or services that acknowledges a person s indebtedness to another … English contemporary dictionary
due bill — Written acknowledgment of a debt, or promise to pay. See IOU … Black's law dictionary
due bill — An acknowledgment of a debt in writing. Erickson v Sophy, 10 SD 71, 74, 71 NW 758 … Ballentine's law dictionary
Due Bill Period — In the context of corporate actions (such as dividends, issuance of rights and warrants, splits, etc.), the period during which remittances to investors are due once stockholders of record are checked on the record date. For example, suppose that … Investment dictionary