Meaning of business correspondence: In simple words, when a person or institution undertakes letter writing with other person or related to any business matter then that is known as business correspondence. It is generally for topics like collection of amount, financial transaction, inquiry; purchase, sales, production, distribution, advertisement, complaints, disposal, reconciliation etc.
In other words when for business purpose the letters are written in fixed formed and using specific words and phrases, it is known as business correspondence.
As per experts commerce means business and its auxiliary services like Insurance, Transport, Communication etc. are included and correspondence related to it is known as Commercial correspondence.