Encashing the bill before the date of its maturity is called as .

discounting of bill

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

honoring of bill

No worries! We‘ve got your back. Try BYJU‘S free classes today!

dishnonoring of bill

No worries! We‘ve got your back. Try BYJU‘S free classes today!

renewal of bill

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A discounting of bill
A bill may be encashed before the maturity of the bill by presenting it to any bank. The bank shall disburse the amount of the bill after deducting it's charges (discounting charges).

Suggest Corrections

Similar questions

Encashing the bill before the date of its maturity is called :

If the bill is encashed from the bank before the date of maturity it is termed as

Join BYJU'S Learning Program