Traditional Culture Encyclopedia - Traditional customs - Introduction of bill business

Introduction of bill business

Bill business refers to the daily business activities of credit institutions to open, transfer and pay bills according to certain methods and requirements. It mainly includes bill acceptance, discount and bill mortgage loan business. Bill business is the traditional asset business of banks. The bill business of banks is based on commercial credit. It is a combination of bank credit and commercial credit. Opening bill business can promote commercial credit bills, strengthen commercial credit management, and create conditions for promoting commodity production and circulation and invigorating the economy.