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Explain the following term/concept.Commercial bills - Secretarial Practice

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प्रश्न

Explain the following term/concept.
Commercial bills

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उत्तर

These are the trade bills accepted by commercial banks. Trade bills are negotiable instruments or bills drawn by a seller on the buyer for the value of goods sold under credit sales. Banks can rediscount the bills any number of times till the maturity of the bill.

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Types of Financial Market
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अध्याय 11: Financial Market - Exercises [पृष्ठ १६९]

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बालभारती Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
अध्याय 11 Financial Market
Exercises | Q 2.6 | पृष्ठ १६९
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