The process of discounting a commercial bill means:

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Discounting a commercial bill involves a buyer (usually a financial institution) providing financing to the seller (who is the holder of the bill). The buyer purchases the bill at a discounted rate from the face value and provides the seller with immediate funds, while earning a return when the bill matures and the acceptor pays the face value. The borrower (acceptor) is not directly involved in the discounting process.

The Process of Discounting a Commercial Bill Means