Question

What is meant by discounting of bills of exchange?​

Answer 1

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.

Answer 2

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☆ 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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