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Define trade bills?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Hi, Explain about trade bills?

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9 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Definition of trade bill. : a time draft or bill of exchange becoming a trade acceptance when signed by an acceptor.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date. --Bills of exchange are similar to checks and promissory notes.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

-- A bill of exchange drawn on and accepted (trade acceptance) by a trader in payment for goods. --Bill of exchange issued and/or endorsed (accepted) by non-bank entities and which, therefore, can be discounted only at rates higher than the rate for bank bills. --DEFINITION of 'Bill Of Exchange' A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

> Define trade bills -- A bill of exchange drawn on and accepted (trade acceptance) by a trader in payment for goods. --Bill of exchange issued and/or endorsed (accepted) by non-bank entities and which, therefore, can be discounted only at rates higher than the rate for bank bills. **--DEFINITION of 'Bill Of Exchange'** A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date. --Bills of exchange are similar to checks and promissory notes. They can be drawn by individuals or banks and are generally transferable by endorsements. The difference between a promissory note and a bill of exchange is that this product is transferable and can bind one party to pay a third party that was not involved in its creation. If these bills are issued by a bank, they can be referred to as bank drafts. If they are issued by individuals, they can be referred to as trade drafts.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Bill of exchange issued and/or endorsed (accepted) by non-bank entities and which, therefore, can be discounted only at rates higher than the rate for bank bills.

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Picsjoin 2017224123730582 answered

Hie Rohith, **Definition of trade bills :-** Bill of exchange issued and/or endorsed (accepted) by non-bank entities and which, therefore, can be discounted only at rates higher than the rate for bank bills.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Trade bills are Bill of exchange issued and/or endorsed (accepted) by non-bank entities and which, therefore, can be discounted only at rates higher than the rate for bank bills.

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Open uri20170510 32134 1c996lj?1494421732 answered

a bill of exchange drawn on and accepted (trade acceptance) by a trader in payment for goods

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Open uri20170510 32134 s5bvk0?1494421637 answered

"Dear Friend, as far as your query is concerned that Define trade bills? Let me informed that Trade bills are Bill of exchange issued and/or endorsed (accepted) by non-bank entities and which, therefore, can be discounted only at rates higher than the rate for bank bills. in other words a time draft or bill of exchange becoming a trade acceptance when signed by an acceptor Hope answer was helpful to you Regards, Arjun Pratap Singh "

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