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LSDefine

Simple English definitions for legal terms

time bill

Read a random definition: Government Accountability Office

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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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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