Electronic bill payment Electronic bill payment Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account. These payments are typically executed electronically as a direct deposit through a national payment system, operated by the banks or in conjunction with the government. Payment is typically initiated by the payer but can also be set up as
Slang terms for money "Lady Godiva" for a fiver (£5), or a "Jacks" - Jackson Five (extremely rare) and "diver" for pearl diver (common Glasgow usage). A "Cockle" is £10 - Cock and Hen — ten (also "Ayrton", from Ayrton Senna/Tenner). A "Bobby" is £20 - Bobby Moore (score). In London financial culture, a billion pounds or, more often, US dollars, is referred to as a 'yard'. This derives from the old British English word for a thousand million, a milliard, which has now been replaced by the 'short scale' name 'billion' from US English. The term 'million' for a million pounds or dollars