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Updated: July 28, 2025
The loan by such banker is a rediscount of the bill; that banker cannot obtain repayment of that loan, except by the payment of the bill at maturity. He has no claim upon the agent who brought him the bill. Billbroking, in this which we may call its archaic form, is simply one of the modes in which bankers obtain bills which are acceptable to them and which they rediscount.
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