Posts

Showing posts with the label LC Purchase Bill Discounting

LC purchase bill discounting

LC purchase bill discounting While discounting a bill, the Bank buys the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charge to the customer's account.
Post a Comment
Read more

LC purchase bill discounting

LC purchase bill discounting While discounting a bill, the Bank buys the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charge to the  customer's  account.
Post a Comment
Read more