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what is discount, discounting with resourse and without resourse and their example

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Finance

what is discount, discounting with resourse and without resourseand their example

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Discounting can be defined as an arrangement between a party owing accounts receivables and the party who is willing to exchange proceeds say cash in lieu of the sundry debtors Factor often pays a price lower than the value of the debtors as immediate funds are provided to the other party A discounting with recourse means that the party owing the debtors will    See Answer
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what is discount, discounting with resourse and without resourseand their example

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