Question

what is meaning of the PURCHASE AND DISCOUNTING
OF BILLS​

Answer 1

Answer:

The terms 'invoice discounting' or 'bills discounting' or 'purchase of bills' are all same. Bill discounting is an arrangement whereby the seller recovers an amount of sales bill from the financial intermediaries before it is due. Such intermediaries charge a fee for the service.Discuss the meaning of "discounting bills of exchange".

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

Answer 2

Answer:

means buying the things by reducing the price of the prices