Discounting Bill Of Exchange

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Discounting of a Bill of Exchange, An Example ...

(5 days ago) When the acceptor of a bill of exchange is a reputable person the bill is as good as money, and any bank will discount it. Definition and Explanation of Discounting a Bill: If the drawer of the bill does not want to wait till the due date of the bill and is in need of money, he may sell his bill to a bank at a certain rate of discount.

http://www.accountingexplanation.com/discounting_of_a_bill_of_exchange.htm

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What exactly does 'Discounting the bill of exchange mean ...

(8 days ago) No explanation, only example this time :: Lets suppose, your a businessman and you have sold goods to me, but I don't have money to pay today but I'm certain to pay on a later date say after a month,so now I draw a bill in your favour which says I...

https://www.quora.com/What-exactly-does-Discounting-the-bill-of-exchange-mean

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Bill of Exchange Definition - Investopedia

(2 months ago) A bill of exchange is a written order once used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date. Bills of ...

https://www.investopedia.com/terms/b/billofexchange.asp

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Bills of Exchange: Discounting, Endorsement, Dishonour ...

(3 days ago) Discounting of Bills of Exchange. Bills of Exchange are generally payable after a certain period which is called the tenure of the bill (i.e on maturity).. However it may so happen that the holder* is in need of money urgently and wants to get it against the amount mentioned in the bill at an earlier date before the due date.In such case he can discount the bill with a bank (or a discounting ...

https://thecommercetutor.com/bills-exchange-discounting-endorsement-dishonour/

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What is the difference between bill discount and bill ...

(4 days ago) BILL PURCHASING: Here bank keeps/treats the bill(cash memos yet to encash) as a collateral or security for providing some advance(according to the quantum of the ...

https://www.quora.com/What-is-the-difference-between-bill-discount-and-bill-purchase-schemes-adopted-by-banks

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What is discounted bill? definition and meaning ...

(3 days ago) Definition of discounted bill: An accepted draft or bill of exchange sold for early payment to a bank or credit institution at less than face value after the bank deducts fees and applicable interest charges. ... An accepted draft or bill of exchange sold for early payment to a bank or credit institution at less than face value after the bank ...

http://www.businessdictionary.com/definition/discounted-bill.html

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Bill of exchange — AccountingTools

(3 days ago) A bill of exchange is a binding agreement by one party to pay a fixed amount of cash to another party as of a predetermined date or on demand. Bills of exchange are primarily used in international trade. Their use has declined as other forms of payment have become more popular. There are th

https://www.accountingtools.com/articles/what-is-a-bill-of-exchange.html

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