Question

What is Bill discounting in export?

Answer 1

Discount of trade bills is intended to permit organizations quicker payment for the merchandise they have transported to the purchaser. Fare bill limiting happens when business contracts with a purchaser for their merchandise using a loan. In global exchange, this can be known as a letter of credit, and an outsider or a third-party financing organization utilizes this consent to decide the fare charged on the rebate sum.

Also read:

• Difference Between Bill of Exchange and Promissory Note
• Types of Bill of Exchange