Question

what is discounting of bill​

Answer 1

Bill Discounting Definition | Finance Dictionary | MBA Skool-Study ... Definition: Bill Discounting

Bill Discounting is a discount/fee which a bank takes from a seller to release funds before the credit period ends. This bill is then presented to seller's customer and full amount is collected.

Explanation:

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Answer 2

Answer:

Bill discounting is an arrangement whereby the seller recovers an amount of sales bill from the financial intermediaries before it is due