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DISCOUNTING, ppr. 1. Deducting a sum for prompt or advanced payment. 2. Lending on discount. DISCOUNTING , n. The act or practice of lending money on discounts. The profitable business of a bank consists in discounting.
1. Deducting a sum for prompt or advanced payment.
2. Lending on discount.
DISCOUNTING, n. The act or practice of lending money on discounts.
The profitable business of a bank consists in discounting.
