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Difference between factoring and forfaiting and bill discounting |
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Answer» please MARK this as brain LIST answer. . Explanation:Selling of bills at a discount to the bank, before its maturity is known as Bill Discounting. Selling of the debtors to a FINANCIAL institution at a discount is Factoring. ... The parties to bill discounting are a drawer, drawee, and payee whereas the parties to factoring are the factor, DEBTOR, and BORROWER. |
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