[See BANK sb.3 and BILL.] a. Formerly, and still sometimes in the provinces, and in U.S., synonymous with BANK-NOTE. b. A bill drawn by one bank upon another, payable at a future date, or on demand; synonymous with banker’s draft. † c. (Sealed) Bank Bill: a form of bill or note, bearing interest, issued by the Bank of England at its foundation, but long since discontinued. d. Bank Post Bill: a bill, usually at seven days’ sight, issued by the Bank of England for convenience of transmission through the post.
1696. Lond. Gaz., No. 3166/4. A Bank Bill for 100l. with Interest at 2d. a day. Ibid., No. 3234/4. Bank Seal Bills, payable with Interest at the Rate of 6 per Cent. per Annum.
1709. Steele, Tatler, No. 26, ¶ 9. If I have not left … Bank Bills for 200l.
1711. Lond. Gaz., No. 4875/4. Lost … a Sealed Bank Bill of 100l. at 6 per Cent.
1752. Hume, Ess. & Treat. (1777), I. 336. To stuff the nation with this fine commodity of bank-bills and chequer-notes.
1809. R. Langford, Introd. Trade, 130. Bank bill, a note on the bank, which being accepted by a cashier, will be paid when due.
1812. Examiner, 27 Dec., 820/2. The amount of Bank of England Notes and Bank Post Bills now in circulation.
1863. Haydn, Dict. Dates, 67. Bank bills were paid in silver, 1745. The first bank post-bills were issued 1754.
1878. Symonds, Shelley, 85. The … story of his having once constructed a boat out of a bank-post bill.
