Economy, asked by pgpankaj7125, 11 months ago

What do you mean by discounting of bill of exchange ?

Answers

Answered by MissTanya

4

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It is a paper signed by the debtor and the creditor for fixed amount payable on a fixed date. The bank will deduct its commission and pay B the present value of the bill. When the bill matures after specified period, the bank will get payment from A.

Answered by singlegirl786

1

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It is a paper signed by the debtor and the creditor for fixed amount payable on a fixed date. The bank will deduct its commission and pay B the present value of the bill. When the bill matures after specified period, the bank will get payment from A.

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