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