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LSDefine

Simple English definitions for legal terms

time bill

Read a random definition: ordinarily prudent person

A quick definition of time bill:

A time bill is a written order that directs one person to pay a certain amount of money to another person at a specific time. It is similar to a check. There are different types of drafts, such as a sight draft that is payable on demand or a time draft that has a specified payment date. A draft can also refer to the compulsory enlistment of people into military service. To draft means to write or compose something or to recruit or select someone for a task or job.

A more thorough explanation:

A time bill is a type of draft that specifies a payment date. A draft is an unconditional written order signed by one person (the drawer) directing another person (the drawee or payor) to pay a certain sum of money on demand or at a definite time to a third person (the payee) or to bearer.

For example, if a company wants to buy goods from another company but doesn't have the money to pay for them right away, they can use a time bill. The company would write a draft that specifies a payment date in the future, and the other company would agree to accept the draft as payment. This allows the first company to receive the goods they need without having to pay for them immediately.

Another example of a draft is a check. When you write a check, you are essentially creating a draft that instructs your bank to pay a certain amount of money to the person or company you are paying.

Overall, a time bill is a useful tool for businesses that need to make purchases but don't have the funds available at the time of purchase. By using a time bill, they can delay payment until a specified date in the future.

time-bargain | time certain

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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