Discounting a bill of exchange means ? Options: A . &nbspTaking the amount from bank against the bill before bill due date B . &nbspTaking the amount from bank against the bill after bill due date C . &nbspTaking the amount from bank against the bill at the time of bill due date D . &nbspNone of these

Discounting a bill of exchange means ?

Question

Discounting a bill of exchange means ?

Options:

A . Taking the amount from bank against the bill before bill due date

B . Taking the amount from bank against the bill after bill due date

C . Taking the amount from bank against the bill at the time of bill due date

D . None of these

Answer: Option A
:
A
Discounting of bill of exchange means encashing a bill of exchange before its due date.

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