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Payee of a bill can get it before it's due date by getting it ? |
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Answer» Answer: There is discounting facility available. If the payee NEEDS cash before DUE date, he can take the bill to a bank which will discount the bill and give him a cash amount equal to VALUE of the bill minus the discount. Some examples of bills of exchange are cheque, bank DRAFT, hundies etc. ♣️❤️ xGangsterGirlsx ❤️♣️ |
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