A billholder is a person or entity that holds a bill, which is a document that represents a debt owed by one party to another. The billholder is the individual or organization that is entitled to receive payment for the debt.
Definitions
A billholder is defined as the person or organization that holds a bill of exchange or promissory note and is entitled to receive payment from the debtor. The billholder is also known as the payee or the holder in due course.
Origin
The term billholder has its roots in the English legal system, where it was used to describe the person who held a bill of exchange or promissory note. The term has since been adopted by other legal systems around the world.
Meaning in different dictionaries
According to the Merriam-Webster dictionary, a billholder is “a person or entity that holds a bill of exchange or promissory note and is entitled to receive payment from the debtor.”
The Oxford English Dictionary defines a billholder as “the person or entity that holds a bill of exchange or promissory note and is entitled to receive payment from the debtor.”
Associations
The term billholder is often associated with the banking and finance industries, as bills of exchange and promissory notes are commonly used in these fields.
Synonyms
Some synonyms for billholder include payee, holder, and creditor.
Antonyms
Antonyms for billholder include debtor, borrower, and obligor.
The same root words
The term billholder does not have any root words, as it is a compound word made up of the words “bill” and “holder.”
Example Sentences
- The billholder will receive payment from the debtor once the bill of exchange has been presented.
- The bank acted as the billholder for the promissory note.
- As the billholder, the company was entitled to receive payment from the borrower.