Business Studies, asked by vinay6440, 1 year ago

What do you mean by discounting of bills?

Answers

Answered by kharpaskhushi

Answer: Bill Discounting is a discount/fee which a bank takes from a seller to release funds before the credit period ends. ... Bill Discounting is mostly applicable in scenarios when a buyer buys goods from the seller and the payment is to be made through letter of credit.

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