discounted bill of exchange
21discount — n. & v. n. 1 a deduction from a bill or amount due given esp. in consideration of prompt or advance payment or to a special class of buyers. 2 a deduction from the amount of a bill of exchange etc. by a person who gives value for it before it is… …
22forfaiting — The supply of fixed rate, without recourse trade finance through the discounting of bills of exchange (bill of exchange) or promissory notes (promissory note). The bills of exchange or promissory notes will typically have been issued as deferred… …
23Endorsement — A guarantee (or warranty) to pay, on maturity, the face value of a bill of exchange (e.g. by endorsing it per avail ). Certain types of endorsement used in some countries are effectively acceptances. It has, however, become routine in many… …
24London acceptance credit — A method of providing immediate cash for a UK exporter of goods. On shipment of the goods the exporter draws a bill of exchange on the foreign buyer. The accepted bill is then pledged to a merchant bank in London, which accepts an accommodation… …
25acceptance credit — A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer whom it deems creditworthy. An acceptance credit is opened against which the… …
26acceptance credit — A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer, whom it deems creditworthy. An acceptance credit is opened against which the… …
27refinance credit — A credit facility enabling a foreign buyer to obtain credit for a purchase when the exporter does not wish to provide it. The buyer opens a credit at a branch or agent of his bank in the exporting country, the exporter being paid by sight draft… …
28rediscounting — re‧dis‧count‧ing [riːˈdɪskaʊntɪŋ] noun [uncountable] BANKING the act of discounting a bill of exchange (= buying it before its normal payment date for less than it will be worth on that date) that has already been discounted once for someone else …
29rediscount Finance — verb (of a central bank) discount (a bill of exchange) that has already been discounted by a commercial bank. noun the action of rediscounting …
30discounting — 1) The application of discount factors to each year s cash flow projections in a discounted cash flow appraisal calculation. 2) The process of selling a bill of exchange before its maturity at a price below its face value …
