The bill issued by the seller to the buyer when the seller is in need of funds is called commercial bill. This process of billing is called Finance- Commercial Billing. In this case, the bank assures the compensation of the amount for the buyer. This is a very important procedure in today's market as it makes the flow of the money from the buyer side to the seller sid
The most important aspect of these bills is that
There hasn't been any other way to get the finance for a short term.
Earlier people with great ideas could not create their start-up because of the shortage of money but today anyone with a great idea can create a company through the commercial bill and if the company does good business then the person could be the next Warren Buffet or Dhirubhai Ambani.
The business of the companies keeps on growing thanks to the commercial bill which makes them sustain even at the time of financial meltdowns which happens quite often.