Exchequer Bills Promissory

Exchequer Bills Promissory

Exchequer Bills, promissory notes formerly issued by the Treasury, usually in multiples of £100, for three-, six- or twelve-month periods, to raise money for temporary purposes in the same way as Treasury bills. Once part of the floating debt.

Exchequer Return, the weekly Treasury statement showing the ordinary revenue and expenditure for the week and the cumulative figures for the financial year. It also shows other receipts and issues from the Exchequer for such items as Defence Bonds, National Savings Certificates, etc., and details of the floating debt Treasury bills and Ways and Means advances.


ExamplesEconomist - Economist View


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