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Definition of 'Bill Presentment'
The submission of a bill of exchange for payment. A bill, such as a bank check, is an instrument directs a third party to pay the recipient the fixed sum, while presentment refers to the act of submitting a legal document to another party.
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Investopedia explains 'Bill Presentment'
Electronic bill presentment and payment (EBPP) is a process that allows bills to be created, processed and paid over the internet. Most large banks will offer these bill payment services and some form of EBPP as a part of their online banking system.
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Search results for 'Bill Presentment'
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http://www.investopedia.com/articles/fundamental-analysis/08/factor-receivables.asp
... For example, on a $100 invoice, the business might receive $75 upon presentment. Later, when the customer pays the bill, the business may get another $20. ...
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