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TeachMeFinance.com - explain Documentary commercial bill historic definition... Documentary commercial bill -- (of exchange). A bill of exchange drawn against merchandise or manufactures or produce (as grain, cotton or provisions, etc.) to which are attached documents, such as bill of lading, policy of insurance and instrument of hypothecation. For additional information see Documentary bill for acceptance; also see Documentary bill for payment. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.