Skip to main content
Trading Terms

Time draft (time bill)

A promissory note is a type of financial instrument that requires payment on a set date in the future. This could be a specific date or a certain period of time, such as 30, 60, or 90 days after the note is issued or presented. It may also be referred to as a usance draft or usance bill. In simpler terms, it is a written promise to pay a specified amount by a certain date.

Related terms

Debt Market

Understand the meaning and definition of Debt Market in the context of stock market, trading, and investments.

MORE
Qualified acceptance

Understand the meaning and definition of Qualified acceptance in the context of stock market, trading, and investments.

MORE
Cash/Equity Market

Understand the meaning and definition of Cash/Equity Market in the context of stock market, trading, and investments.

MORE
Floor Traders

Understand the meaning and definition of Floor Traders in the context of stock market, trading, and investments.

MORE
Ask

Understand the meaning and definition of Ask in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.5 Cr+ happy customers
+91