Due-bill

DUE-BILL. An acknowledgment of a debt, in writing, is so called. This instrument differs from a promissory note in many particulars; it is not payable to order, nor is it assignable by mere endorsement. See I 0 U; Promissory notes.

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Between the record date and the ex-dividend date the shares trade with a due-bill representing the special dividend.
Accordingly, any share traded after the record date of August 18, 2003 and before the ex-dividend date of September 3, 2003 should be accompanied by a due-bill in accordance with Nasdaq rules.
As a result, a due-bill is attached to trades executed between the Record and the Payable date.
Each share of Properties common stock traded with a due-bill for 1/10 of a share of common stock of Healthcare attached for the period from Sept.
The due-bill obligations are settled customarily between the brokers representing the buyers and sellers of the stock.
87 per share, payable March 31, 1997 to shareholders of record March 20, 1997, will trade with due-bills as of March 18, 1997.
All such trades will carry due-bills representing New JEF common stock, which will be redeemed on April 30.
31, trades in Rockwell common stock "regular way" (NYSE:ROK) will carry due-bills representing the shares of Conexant common stock to be distributed in the spin-off.
Due-bills for the dividend must accompany certificates delivered after March 20, 1995, in settlement of contracts made prior to April 3, 1995.
Due-bills for the dividend must accompany certificates delivered after March 18, 1996, in settlement of contracts made prior to April 1, 1996.
Because the record date for these distributions is August 30, 1999, all trades occurring from August 26 through September 24, 1999 will carry Due-Bills representing the value of the three distributions payable September 24.