Business, Legal & Accounting Glossary

Definition: Bill

Quick Summary of Bill

A statute in draft before it becomes law

What is the dictionary definition of Bill?

Dictionary Definition

  1. what is commonly called a “check” by which the signer requires the bank to pay a third party a sum of money. This is a holdover from the days when a person would draw up a “bill of exchange.”
  2. a statement of what is owed.
  3. any paper money.
  4. a legislative proposal for enactment of a law. It is called a bill until it is passed and signed, at which time it is a law (statute) and is no longer referred to as a bill.
  5. an old-fashioned term for various filed documents in lawsuits or criminal prosecutions, which is falling into disuse.

Full Definition of Bill

A Bill is a proposed new piece of legislation that will, if it is accepted by Parliament, become a Statute (see: Legislative process). Most Bills are introduced by Government ministers, and these occupy the largest proportion of Parliamentary time. However, sometimes a Private bill or a Private members bill can succeed and become law. Government Bills are usually introduced into Parliament in the form that the Government wishes to see enacted; they are therefore carefully drafted, usually after a period of consultation (see: Formulation of bills).

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Bill. Payroll & Accounting Heaven Ltd. October 21, 2021
Chicago Manual of Style (CMS):
Bill. Payroll & Accounting Heaven Ltd. (accessed: October 21, 2021).
American Psychological Association (APA):
Bill. Retrieved October 21, 2021, from website:

Definition Sources

Definitions for Bill are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 5 Views.