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Are the terms off-price and discounting interchangeable?
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Answered 2009-10-18 12:41:13
Are the terms off-price and discounting interchangeable? Explain.
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Explain discounting of accounting policies
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Discounting is a term used for the actual drawing/negotiation that takes place under an Lc (Letter of Credit). The credit conform (accepted) documents/draft are due for deferred payment and the presentor does not want to wait for its funds till maturity date. Whether the LC is transferable or not is of no importance here. The LC itself should be 'discountable' (it is safer to have this in special instructions of the LC terms). The discounting then depends on the parties concerned, and the price for discounting (discounting rate/Libor/Airbor+spread) and the willingness of the bank that should discount. Discount can be performed with or without recourse.
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Definition of discounting?
Reducing prices
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you from Edison NJ
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interchangeable terms in the computer world. They could be: jpg, bmp, gif (animated graphic).
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