Commercial bills (or non-bank bills) are bills of exchange issued by a non-bank drawer to raise funds for its business purposes and accepted by a non-bank corporation

Question

Quizplus · Accepted Answer

Commercial bills are indeed bills of exchange issued by a non-bank drawer, such as a company or corporation, for the purpose of obtaining financing. These bills are then accepted by another non-bank corporation and can be traded in the financial market.

Commercial Bills (Or Non-Bank Bills) Are Bills of Exchange Issued