About this document
Understanding Bill Discounting Process by sunny patwa is a document available to read on EtoBox.
Bill discounting refers to the process where a bank provides funds to a company in exchange for unpaid bills of exchange (drafts) that are held by the company. There are several types of bills including demand bills, usance bills, documentary bills, clean bills, inland bills, and foreign bills. The bill discounting process involves 7 steps where the seller issues a bill to the buyer, the bank discounts the bill and provides funds to the seller, and then collects payment from the buyer when the bill comes du
- Author
- sunny patwa
- Language
- EN