The discount of bills of exchange drawn in good faith against existing values and the discount of commercial business paper shall not be considered as money borrowed.
S.C. Code Ann. § 34-13-110
Certain discounts are not considered as money borrowed
1962 Code SECTION 8-231; 1952 Code SECTION 8-231; 1942 Code SECTION 7858; 1932 Code SECTION 7872; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.