DISCOUNTING Definition

Bookmark and Share

DISCOUNTING is the selling of accounts receivable, usually at less than full value, to a financial entity.

Learn new Accounting Terms

COVENANT is a clause in a contract that requires one party to do, or refrain from doing, certain things. It is usually a restriction on a borrower imposed by a lender.

BMR, among others, is Base Mortgage Rate.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.