Quote Originally Posted by Dave A View Post
The inclusion of discount transactions was probably intended to cover financing as facilitated under Islamic law, but the definition of a discount transaction seems to extend beyond this to (possibly) COD discounts.

Once you are in this territory, it then becomes a threshold issue - and there are lots of businesses who don't consider themselves as financial institutions or money lenders, but are going to be classified as such by those thresholds.

Very true Dave - this point also came up at one of the workshops I attended. There are no clearcut guidelines and I believe that this might be one of the first issues to be considered in a Court and a declatory order issued as it affects many small business owners.