Meaning bill discounting
What does bill discounting mean? Here you find 2 meanings of the word bill discounting. You can also add a definition of bill discounting yourself
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bill discountingDefinition Trading or selling a bill of exchange prior to the maturity date at a value less than the par value of the bill. The amount of the discount will depend on the amount of time left before the [..]
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bill discountingReceiving payment on a bill of exchange prior to the bill's m aturity by surrendering the bill for face value less applicable interest for the time remaining to maturity.
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