What are the difference between discounting and retiring of bill of exchange?

There are some difference between Discounting and Retiring as given below:


  • It is the process of selling the bill to the bank or anyone else before the due date.
  • The reduction made by the bank is called discount.
  • Discount is a loss to the person who discounts the bill and a gain to the bank.

    Discount Gambling

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  • It is the process of paying the amount of the bill before due date.
  • The concession allowed to the acceptor is called rebate.
  • Rebate is a loss to the payee and a gain to the acceptor.
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