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TeachMeFinance.com - explain due bill due bill -- a written acknowledgment of the existence of a debt owed to a particular party. A due bill is not payable on demand nor transferable to another party by endorsement. historic definition... Due bill -- A written acknowledgment of debt. Tn some cities checks are not certified by banks, but instead due bills, so-called, are employed. When guaranty of the payment of a check by a bank is desired the check is delivered to the bank which retains the check and issues in place of it a aue bill payable by the bank itself. This due bill may be deposited in another bank and collected through the clearing house the same as a check. A due bill given in a stock transaction for a dividend declared but not yet payable does not carry interest that is, interest on it cannot be collected by the holder of the due bill from the maker of it. 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 © 2005 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.