A discounting agreement under which the discounter manages the company's debtors is known as:
A)undisclosed discounting.
B)full service discounting.
C)recourse discounting.
D)invoice discounting.

Question

Quizplus · Accepted Answer

Full service discounting involves the discounter not only providing funding against the company's debtor book but also managing the sales ledger, chasing payments, and dealing with any disputes or queries. This provides more extensive support to the company compared to other discounting agreements.

A Discounting Agreement Under Which the Discounter Manages the Company's