The discount period begins with the date of discount and ends with the maturity date.

Name: The discount period begins with the date of discount and ends with the maturity date.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The discount period is the time between the date of discount (when the buyer pays for the bill) and the maturity date (when the seller receives the full amount). During this period, the seller may choose to discount the bill (sell it for less than face value) to a financial institution in exchange for immediate cash.

The Discount Period Begins with the Date of Discount and Ends