Question

ᴡʜᴀᴛ ᴅᴏ ʏᴏᴜ ᴜɴᴅᴇʀsᴛᴀɴᴅ ʙʏ ᴅɪsᴄᴏᴜɴᴛɪɴɢ ᴏғ ʙɪʟʟ?
ᴅᴏɴ'ᴛ ᴍᴇᴀɴɪɴɢʟᴇss ᴀɴsᴡᴇʀ ❎❎❎​

Answer 1

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Bill discounting refers to a method of working capital finance for the seller of goods. It refers to a fee charged by the bank from the seller of the goods to release funds before the end of the credit period. The bill is presented to the customer and the amount is collected by the bank.