Bills: meaning, definitions and examples

In this context, 'bills' is a repetition and would refer to the same meanings as the first instance.

• Refer to the first 'bills' entry.

A more formal term to describe paper money issued by a country's central bank. This term is often used in official and financial contexts.

• The Central Bank announced the release of new banknotes.
• He handed over a couple of fifty-pound banknotes.

A broad term used to describe the money in circulation within a particular country or economic region, which includes both coins and banknotes. Commonly used in financial, economic, and international contexts.

• The exchange rate for foreign currency has changed.
• Travelers often need to exchange their currency when visiting another country.

Refers to physical money like coins and banknotes that is readily available for transactions. Often used in everyday conversations when discussing immediate payments.

• I prefer to pay in cash when I go shopping.
• Do you have enough cash to cover the bill?

Use 'legislation' as a general term for laws or regulations that are being proposed, debated, or already established by a legislative body.

• The government is working on new legislation to combat climate change.
• Several pieces of legislation were passed during this parliamentary session.

Use 'proposal' when referring to the initial suggestion or plan put forward for consideration, but not yet in the form of a draft bill.

• His proposal to reduce taxes was met with both support and criticism.
• The committee reviewed several proposals before making their decision.

Use 'act' when referring to a law that has already been approved and enacted by a legislative body.

• The Civil Rights Act was a landmark piece of legislation in the 1960s.
• The new act will come into effect next year.