 | Caton's national business college, Buffalo, N.Y. - 1889 - 330 pages
...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... | |
 | Warren H. Sadler, William Russell Will - Business mathematics - 1890 - 316 pages
...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... | |
 | Warren H. Sadler, William Russell Will - Business mathematics - 1890 - 312 pages
...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... | |
 | Joseph Henry Dunbar - Arithmetic - 1902 - 404 pages
...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... | |
 | John Henry Walsh - Arithmetic - 1904 - 78 pages
...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.... | |
 | William Russell Will - Business mathematics - 1913 - 320 pages
...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... | |
 | Harry Anson Finney, Joseph Clifton Brown - Business mathematics - 1916 - 316 pages
...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... | |
 | Harry Marc Rowe - Bookkeeping - 1917 - 148 pages
...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... | |
 | Harry Marc Rowe - Bookkeeping - 1917 - 152 pages
...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... | |
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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... 
