What Is Commercial Bill In Money Market?
Commercial Bill is the instrument of money market
Commercial Bill is otherwise known as Trade Bill & Accomodation Bill
In this Money Market instrument Industries & Companies are involved
It is a Negotiable instrument and it can be easily transfer to one party to another party
It can be discounted with bank even before maturity period
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Commercial Bill Maturity period is 3 months or 90 days
Commercial Bill is suitable for the large industries and organisation
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