What Is Commercial Bill In Money Market?

Commercial Bill is the instrument of money market

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Commercial Bill is otherwise known as Trade Bill & Accomodation Bill

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In this Money Market instrument Industries & Companies are involved

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It is a Negotiable instrument and it can be easily transfer to one party to another party

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It can be discounted with bank even before maturity period

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Commercial Bill Maturity period is 3 months or 90 days

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Commercial Bill is suitable for the large industries and organisation

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