Question

What is bill discounting ?

Answer 1

Bill Discounting is a trade-related activity in which a company's unpaid invoices which are due to be paid at a future date are sold to a financier (a bank or another financial institution).

Thanks Answer Please

Answer 2

Explanation:

Bill Discounting is a trade-related activity in which a company's unpaid invoices which are due to be paid at a future date are sold to a financier (a bank or another financial institution). ... This process is also called “Invoice Discounting”. This process is governed by the negotiable instrument act, 2010.