top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What is discounted bill?

+1 vote
336 views
What is discounted bill?
posted May 27, 2019 by Deepika Sonkar
Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

An accepted draft or bill of exchange sold for early payment to a bank or credit institution at less than face value after the bank deducts fees and applicable interest charges. The bank or credit institution then collects full value on the draft or bill of exchange when payment comes due.

answer May 27, 2019 by Salil Agrawal

Your answer

Preview

Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.
...