Commercial Law

The big question: Discounting Transaction or Incidental Credit?

By |2019-10-04T05:41:14+00:00February 18th, 2019|Commercial Law, Commercial Law, Consumer|

A question often asked, and understandably so, is what is the difference between a discounting transaction and an incidental credit transaction? On first glance at the definitions in the National Credit Act, 2005 (the “NCA”) they seem almost identical, but one needs to look at the nature of the transaction to differentiate between the two.