Bill Presentment

AAA

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.

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.

RELATED TERMS
  1. Senate Bill

    A piece of proposed legislation that either originated or was ...
  2. Electronic Check Presentment - ...

    A process that allows financial institutions to exchange digital ...
  3. Electronic Bill Payment & Presentment ...

    A process used by companies to collect payments via the internet, ...
  4. Automated Clearing House - ACH

    An electronic funds-transfer system run by the National Automated ...
  5. Dangling Debit

    A debit entry with no offsetting credit entry. Dangling debit ...
  6. Red Ink

    A slang term denoting a financial loss. When accountants make ...
Related Articles
  1. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  2. Your First Checking Account
    Insurance

    Your First Checking Account

  3. Choose To Beat The Bank
    Options & Futures

    Choose To Beat The Bank

  4. Getting A Loan Without Your Parents
    Retirement

    Getting A Loan Without Your Parents

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center