foreign bill

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foreign bill

any bill of exchange other than an inland bill (that is, a bill that is both drawn and payable in the British Isles or one that is drawn in the British Isles upon someone resident there). Unless the contrary appears on its face, the holder may treat a bill as an inland bill. The distinction is relevant to the steps to be taken when a bill has been dishonoured.
References in periodicals archive ?
In selecting Bottomline Technologies' WebSeries to support wire origination and Web services-based foreign draft and check management, Fifth Third is able to deploy a flexible and scalable platform capable of supporting both short- and long-term business objectives.
In addition to US check and NACHA-compliant electronic payment types, the system now supports over 35 foreign draft types as well as BACSTEL-IP.
Services include the exchange of foreign bank notes, the purchase and sale of foreign drafts and international traveler's cheques, wire transfer payments and foreign cheque collections.

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