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प्रश्न
Explain in brief Discounting of bills of exchange.
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उत्तर
Discounting of bills of exchange implies procuring cash from a bank in exchange for credit instruments.
The banks charge some commission for this service by paying a price lower than the face value of the credit instrument. The holder of the instruments remains liable to the bank if the instrument is dishonoured on maturity.
संबंधित प्रश्न
______ shares do not carry voting rights.
Write a short note on:
Cash Credit
What is Cash Credit?
Name the source of finance wherein receivables on account of the sale of goods or services are sold at a discount.
Differentiate between owned funds and borrowed funds.
State any three sources of borrowed funds.
Name three sources of owned funds for a business.
Which source is the best for raising borrowed funds for a business? And why?
Long-term finance is required for meeting day-to-day requirements.
