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" ... incorporated institution for the issue, custody, or loaning of money, for discounting commercial paper, and for facilitating the transmission of money from one place to another by means of checks, drafts, or bills of exchange. REM.— Many, banks... "
The Commercial Arithmetic: A Practical Text-book for Business Colleges, High ... - Σελίδα 228
των Warren H. Sadler - 1888
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

The Essentials of Business Arithmetic, for Use in Business Colleges

Caton's national business college, Buffalo, N.Y. - 1889
...bills of exchange. REM.— Many, banks perform only a part of the functions enumerated above. 276. Bank Discount is a deduction made from the sum due...interest, will be the sums respectively due at maturity. REM. 2.— In allowing interest upon interest-bearing notes when the time of payment is expressed in...

Essentials of Business Arithmetic: For Use in Schools and Colleges

Warren H. Sadler, William Russell Will - 1890 - 303 σελίδες
...bills of exchange. REM. — Many banks perform only a part of the functions enumerated above. 276. Bank Discount is a deduction made from the sum due...latter, the face plus its accrued interest, will be the suras respectively due at maturity. REM. 2.— In allowing interest upon interest-bearing notes when...

Essentials of Business Arithmetic

Warren H. Sadler - 1890
...or bills of exchange. REM.—Many banks perform only a part of the functions enumerated above. 276. Bank Discount is a deduction made from the sum due...plus its accrued interest at maturity of a note which iraws interest ; since, in the former case, the face, and in the latter, the face plus its accrued...

An Inductive Arithmetic for Intermediate and Higher Grades of Public and ...

Joseph Henry Dunbar - 1902 - 376 σελίδες
...the date of the note and the date at which it is payable. In this case, the bank computes the exact number of days between the date of discount and the date of maturity and reckons each day as jjff of a year * * The only problem in bank discount that presents any special...

Teacher's Manual to Walsh's New Grammar School Arithmetic

John Henry Walsh - 1904 - 71 σελίδες
...the end of this chapter, allowing 3 days of grace, and following the method of ascertaining the exact number of days between the date of discount and the date of maturity, the year being considered as one of 360 days. 347. Pupils should be required to prove their answers....

Will's Commercial Arithmetic: Presenting the Best Usage in Modern Business ...

William Russell Will - 1913 - 299 σελίδες
...legally due on the third day of the next following month [Note 2,163]. 253. The term of discount is the number of days between the date of discount and the date of legal maturity. NOTE. In computing the term of discount, the custom of many cities is to include within...

Modern Business Arithmetic: Brief Course

Harry Anson Finney, Joseph Clifton Brown - 1916 - 298 σελίδες
...the maturity of each note in the proper column: 201. To find the discount period. Compute the actual number of days between the date of discount and the date of maturity. Illustration. A note, dated July 17, due in 4 months, was discounted on August 5. What was the discount...

Junior Arithmetic-bookkeeping for Junior High Schools: Advanced ..., Τόμος 1

Harry Marc Rowe - 1917
...ie, the time from the date of discount to the date of maturity. Banks discount notes for the exact number of days between the date of discount and the date of maturity. For instance, a note dated June 10 at 60 days would mature August 9. If discounted June 20 the term...

Junior Arithmetic-bookkeeping for Junior High Schools: Advanced ..., Τόμος 1

Harry Marc Rowe - 1917
...ie, the time from the date of discount to the date of maturity. Banks discount notes for the exact number of days between the date of discount and the date of maturity. For instance, a note dated June 10 at 60 days would mature August 9. If discounted June 20 the term...

Business Arithmetic

George Washington Miner, Fayette Herbert Elwell, Frank Charles Touton - 1923 - 410 σελίδες
...$4250 4 mo. 7% 10. $1047.75 bank. In return for advancing the money, the bank deducts the discount for the number of days between the date of discount and the date of maturity of the note, and pays the proceeds to the holder. This process is called discounting a note, and the...




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