Discounting/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> Selling a bill of exchange to a bank before its due payment (or "maturity") date "at a discount": that is to say after paying the bank a fee for accepti...) |
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Selling a bill of exchange to a bank before its due payment (or "maturity") date "at a discount": that is to say after paying the bank a fee for accepting it. | Selling a bill of exchange to a bank before its due payment (or "maturity") date "at a discount": that is to say after paying the bank a fee for accepting it. More generally, the selling of an asset for less than its puchase price, nominal or "par" value. | ||
Revision as of 15:52, 30 October 2008
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Discounting [r]: Selling a bill of exchange to a bank before its due payment (or "maturity") date "at a discount": that is to say after paying the bank a fee for accepting it. More generally, the selling of an asset for less than its puchase price, nominal or "par" value.