Does a bill of exchange accrue interest?

Generally, bills of exchange do not accrue interest, which makes them essentially post-dated checks. The reason for this is that bills of exchange are typically used for short-term payments, such as in international trade. In most cases, the payment will be made within a few days or weeks, so there is no need to charge interest.

However, in some cases, they may accrue interest. For example, if a certain date is specified in the bill of exchange for payment, then interest may accrue if the drawee does not make payment by that date.