Early bill of exchange with a maturity of usually eight days, denominated in GBP and referenced to an address in London. – Accordingly, the older stock exchange notes also contain designations such as “Milan short”, “Neuyork short” or “Paris short”. – For bills of exchange, “short” used to mean a maturity of eight days to a few weeks, “medium” six weeks or more, and “long” nine weeks or more.
– See Short-term, Long-term, Medium-term.
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