Discounting of Bill - Definition

Banks also Advance money by discounting bills of exchange, promissory notes and hundies. When these documents are presented before the bank for discounting, banks credit the Amount to cutomer's account after deducting discount. The amount of discount is equal to the amount of Interest for the period of bill. This part has been discussed in detail later on in this chapter.

Terms near "Discounting of Bill"

Discretionary Account
Diversified Carry Basket
Double Barrier Option
Double Top and Bottom
Dow Theory
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