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bill broker
noun
- a money dealer who buys, sells, discounts, or negotiates bills of exchange or promissory notes.
bill broker
noun
- a person whose business is the purchase and sale of bills of exchange
Word History and Origins
Origin of bill broker1
Example Sentences
But the play introduces us to a whole gallery of Irish characters here vividly embodied by Frank Grimes as the bicycling bill broker, Gerard Horan as the car owning clerk, James Hayes as the fretful stationmaster and Catherine Cusack as the desiccated Miss Fitt.
Let me illustrate their method of working: A bank in New York may buy $1,000,000 worth of sterling bills drawn on England and send them forward to its London agent to be discounted with the bill broker.
The bill broker will discount these bills at, say, 4 per cent.
The bill broker not only employs his own capital in buying bills, but also money which he borrows from the banks and others at call or at short notice.
But when the goods go from China to Peru, and Peru finds that it cannot remit to meet the bill, the acceptor is inconvenienced, and the bank or bill broker who holds the bill finds that he has got a security which was not quite as gilt-edged as he thought it.
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