What is difference between commercial bill …
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Posted by Khushi Jain 5 years, 10 months ago
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Yogita Ingle 5 years, 10 months ago
• Commercial paper and commercial bill are both financial instruments used by banks.
• Commercial paper is used by banks to raise finances for a short time period. The buyer gets CP at a discounted rate, while he gets face value on maturity.
• Commercial bill is an instrument that helps companies to get advance payment for the invoices they raise after making sales to their customers.
• Commercial paper is used by banks to meet their short-term obligations, while commercial bills help companies to get money in advance, for sales they make.
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