What are the discounting bills of exchange?

i dont know but try to find it im srry if they :D

The important characteristics of a bill of exchange are: 1. It must be in writing. 2. It must be an order to pay, and not a request to pay. 3. The order must be unconditional. 4. The order must...

order of payment (a document ordering the payment of money; drawn by one person or bank on another)

It means when holder of a bill needs money he can take the bill to bank where the bank will discount it and charge some interest on that

A bill of exchange is an instrument drawn by the seller on the buyer to pay a specified amount of money on a paticular date.