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प्रश्न
This implies procuring cash from a bank in exchange for credit instruments.
पर्याय
Cash credit
Overdraft
Discounting of bills
None of these
उत्तर
Discounting of bills
Explanation:
Discounting of bills refers to obtaining cash from a bank by selling a bill of exchange (credit instrument) before its maturity in exchange for a reduced amount.
APPEARS IN
संबंधित प्रश्न
Write a short note discounting of bills of exchange.
What is an overdraft?
For which of the following company has to keep it's assets on mortgage?
It is a formal and revolving credit agreement under which the borrower is allowed to borrow upto the specified limit.
______ are generally secured by assets or guarantees.
A company has to meet its short-term financial needs. It is considering whether it should raise loans from commercial banks or invite public deposits. Discuss the merits and demerits of each form.
Commercial banks generally provide long-term loans.
State the various forms of borrowing from commercial banks.
What are the advantages of borrowing from commercial banks?
What are the disadvantages of borrowing from commercial banks?
