When a business endorses a note and transfers it to a financial institution,the process is called:
A)dishonoring a note receivable.
B)collecting a note receivable.
C)cosigning a note receivable.
D)discounting a note receivable.

Question

Quizplus · Accepted Answer

When a business endorses a note and transfers it to a financial institution at a discount, it is called discounting a note receivable.

When a Business Endorses a Note and Transfers It to a Financial