What are the different types of a bill of exchange?

There are several types of bills of exchange, including:

• Trade Bill: A trade bill is used in international trade. Trade bills are typically used to finance the purchase of goods between two companies.
• Accommodation Bill: An accommodation bill is used to provide financing to a company. Accommodation bills are typically used when a company does not have enough cash on hand to cover its expenses.
• Documentary Bill: A documentary bill is supported by documents to confirm the genuineness of sale or transaction. Documentary bills are typically used in international trade to finance the purchase of goods between two companies.
• Demand Bill: a demand bill is payable when requested. They do not have a fixed date of payment, so the drawee must maintain applicable cash on hand to accommodate such requests.
• Usance Bill: An usance bill is time-bound, meaning payment must be satisfied within the specific period of time. 
• Clean Bill: A clean bill does not come with supporting documents, so it comes with a significantly higher interest rate. 
• Supply Bill: A supply bill is drawn between suppliers or contractors and the government.