Note 55 — BOOK II.
Reading edition
This rule is obsolete in business. When a bill, for instance, of £100 having a year to run, is discounted (as people now say) at 5 per cent, this means that 5 per cent of £100, or £5, is struck off.
Reading edition
This rule is obsolete in business. When a bill, for instance, of £100 having a year to run, is discounted (as people now say) at 5 per cent, this means that 5 per cent of £100, or £5, is struck off.