There are two types of bills:

Name: There are two types of bills:
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Negotiable bills are bills of exchange, promissory notes or cheques which can be endorsed (transferred to a third party) and used as a means of payment. Non-negotiable bills, on the other hand, cannot be transferred and are specific to a particular transaction or party. Knowing the difference between negotiable and non-negotiable bills is important for business transactions and legal purposes.

There Are Two Types of Bills