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TeachMeFinance.com - explain Sold bill historic definition... Sold bill -- A bill of exchange sold short; a time bill (bill payable at a future specified time) which the drawer has sold and to meet which he must at its maturity deliver a demand bill (bill payable on presentation), or perhaps cash, to the drawee (the one who is to pay the sold bill). About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.