What does a commercial bill belong to? A commercial bill is a bill issued by the drawer, which entrusts the payer to unconditionally pay a certain amount to the payee or holder on a specified date. Commercial bills are divided into commercial acceptance bills and bank acceptance bills. Commercial acceptance bills are accepted by drawees other than banks (drawees are acceptors), and bank acceptance bills are accepted by banks. Commercial bill settlement refers to a bank settlement method that uses commercial bills for currency settlement.
The purpose, issuer and method of comparing the two definitions are different.