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Introduction to Markup Price

What Is the B...

Question

What Is the Bill of Discounting?

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Solution

Bill of discounting is a discount or fee that the bank deducts from the seller’s payment in order to release the payment before the due date. It is generally seen when a buyer purchases goods from the seller and payment is made in the form of a letter of credit.

Also read:

MCQs on Bills of Exchange

Difference Between Bill of Exchange and Promissory Note

Bill of Exchange

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