electronic bill presentment

English - English

Definition of electronic bill presentment in English English dictionary

The electronically done submission of a bill of exchange for payment. A bill, such as a bank check, is an instrument directs a third party to pay the recipient the fixed sum, while presentment refers to the act of submitting a legal document to another party

Related Terms

Electronic bill presentment and payment

Electronic bill presentment and payment (EBPP) is a process that allows bills to be created, processed and paid over the internet. Most large banks will offer these bill payment services and some form of EBPP as a part of their online banking system

Hyphenation

e·lec·tro·nic bill pre·sent·ment

Turkish pronunciation

îlektränîk bîl prizentmınt

Pronunciation

/əˌlekˈtränək ˈbəl prēˈzentmənt/ /ɪˌlɛkˈtrɑːnɪk ˈbɪl priːˈzɛntmənt/