Financial Management: endorsing a promissory note of a customer to abank or financing company, the latter advancing the maturity value of the note less a charge called discount

Question

endorsing a promissory note of a customer to abank or financing company, the latter advancing the maturity value of the note less a charge called discount

Jennifer Leigh · Accepted Answer

discounting the customer's note

Financial Management

Endorsing a promissory note of a customer to abank or financing company, the latter advancing the maturity value of the note less a charge called discount

Discounting the customer's note

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