English version

discounting

From Longman Business Dictionary
Related topics: Trade
discountingdis‧count‧ing /ˈdɪsˌkaʊntɪŋ/ noun [uncountable]FINANCE1 (also invoice discounting)COMMERCE when a financial institution lends a business an amount of money equal to that owed to the business by its suppliers, in return for a percentage. This is good for the business because it gets the money immediately, improving its CASH FLOW. Discounting is a form of finance that can be cheaper than bank loans or OVERDRAFTsFor invoice discounting, fees are typically between 0.2% and 0.5% of the value of invoices.If you have a lot of money tied up in your sales ledger in unpaid bills, invoice discounting is a way to release this money for you.2the activity of buying a bill of exchange for less than the amount that will be paid on it on a fixed date in the future
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.
Word of the day atypical not typical or usual