Question

what do u mean by discounting of bills of exchange??​

Answer 1

Answer:

discount of Trade bills is short term financing granted by the bank this Bank versus trade will before its payment term at a price less the amount of discount interest after repayment of the bill by country party the way bill limit is released

Answer 2

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$\blue{♫}$Discount of trade bills is short-term financing granted by the Bank. The Bank purchases trade bill before its payment term at a price less the amount of discount interest. After repayment of the bill by counterparty, the available limit is released.❤

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Hope its help uhh :)