Concept:Negotiating a bill to a bank before its maturity date is known as discounting the bill.Explanation:A bill of exchange can be presented to a bank before its due date.The bank pays the holder an amount less than the face value of the bill.The difference represents the bank’s discount or charge for early payment.The bank later collects the full face value from the acceptor at maturity.This process is called discounting a bill.Answer:B. discounted