Question

discounting of a bill or check

Answer 1

Corporate Banking. While discounting a bill, the Bank buys the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charge to the customer's account. ... A bill must be a usance bill.

Answer 2

Answer:

A facility in which of the holder of Bill can get bill discounted from Bank before maturity date

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