Invoice Discounting –Also known as “Loan on Accounts Receivables” or bill discounting is a type of short-term business financing that uses unpaid business invoices as leverage. Generally, a certain percentage of an invoice is provided to the business by the finance company for a small fee. ...
Discounting Facility-In cases where the drawer is in immediate need of money, the bill can be converted into cash by discounting it from a bank by paying some nominal charges. Endorsement Possible-This bill of exchange can be exchanged from one individual to another for the adjustment of the...