Business Studies, asked by navdeepkaurr035, 5 months ago

what is meaning by discounting bill of exchange

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Answered by sainiinswag

9

Answer:

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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Answered by Anonymous

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