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infospace: process book-2-chapter-02

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Extract entities, map to VSM, and synthesize analysis.
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-2-chapter-02 -->
# Discount of Bills
## Definition
The practice of banks advancing money on bills of exchange before they become due, deducting interest for the time remaining. This provides merchants with immediate liquidity while awaiting payment from customers.
## Source Chapter
Book II, Chapter 2
## Context
Smith explains how banks make most of their profits through discounting bills of exchange, advancing money to merchants before their bills become due. He analyses this as a key banking service that facilitates trade.
## Economic Domain
Exchange
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