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प्रश्न
Give word / term or phrase for the following statement.
Encashment of the bill before due date.
एक शब्द/वाक्यांश उत्तर
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उत्तर
Discounting
Explanation: When the holder of a bill needs money before the maturity date, he may present the bill to a bank and get immediate payment on the security of a bill. The bank deducts a certain amount from the face value of the bill and pays the balance. This process is known as discounting.
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