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Commercial banks provide loans and advances of various forms, including an overdraft facility, cash credit, bill discounting, etc.
Merchants engaging in bill discounting are more comparable to business-venture partners than to debtors and creditors, precisely because the different nature of their relationship.
He made a vast fortune in a single generation through money-dealing, a phrase which does not merely refer to money-lending, bill discounting and other banking business.
The founding shareholders provided a ready supply of business, particularly bill discounting, while firm management helped the Midland to survive troublesome early years dogged by capital shortages.
Financing for Marketing Activities (Short term) NSIC facilitates financing for marketing actives such as Internal Marketing, Exports and Bill Discounting.
The Bank offers customers products ranging from fund-based facilities such as overdrafts, term loans, loans against invoices, bill discounting, import and export finance to non-fund based facilities such as letters of credit, guarantees and foreign exchange forward cover facilities.