Differences between an inTrade bill and financial bill

Trade bill	Financial bill
This bill accepted for value received	This bill accepted for no value received
This bill need not necessarily be discounted	This bill must necessarily be discounted
In this case drawer is the creditor and drawee is debtor	In this case drawer is the debtor and drawee is creditor
If this bill is discounted the discounting charges are to be borne by the drawer or thr endorsee	In case of mutual accommodation bill the discounting charges are to be borne by the drawer and drawee in a certain ratio
These bills are usually drawn and accepted for discharge of mutual indeptedness	These bills are drawn and accepted for raising short term funds required by business man
These bills originate from a dept or from a commercial transection	These bills do not originate from a dept or from a commercial transection

difference between inland and foreign bills of exchange

INLAND BILLS OF EXCHANGE	FOREIGN BILLS OF EXCHANGE
Only one copy is prepared	Three copies are prepared
Stamps are affixed only once	Stamps are affixed two times of the time of acceptence and at time of making payments
Written in common and local language of the country	Written in English OR in the language ofthe country of the drawer
It is noted after dishonour	Its is noted and protested after dishonour
Its is written on judicial stamp paper	Its is written on palin paper