bills of exchange, also referred to as bills, are essentially¹ a short term credit instrument that can be used by a company either for financing or investment. bills can be issued for any term up to a year and are generally issued for periods of less than 6 months. companies issue bills because they are a convenient form of borrowing. the difference between bills and a standard loan is that bills held by the bank can sold to investors². bills with terms of 30 days to 90 days are the easiest to trade? bills are usually an ideal loan because a company generally will not run into any problems within 3 to 6 months.
　　汇票，也叫票据，主要指一种可用作公司筹资或投资的短期信用票据。汇票的使用期限可以是一年以内的任何期限，但通常在六个月以内。公司签发汇票是因为它们是借款的捷径之一。汇票与正常贷款之间的差异在于银行可将持有的汇票卖给投资者。期限为30到90天的汇票最容易出手。汇票通常是最理想的贷款，因为公司一般在3到6个月的时间内出问题的几率很低。

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