bank discount

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noun

interest on a loan, deducted in advance from the face value of the note.

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His boss, whom he admires, is waiting to meet with him about the big project.

His boss, who he admires, is waiting to meet with him about the big project.

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Origin of bank discount

First recorded in 1905–10

Words nearby bank discount

bank card, bank check, bank clerk, bank deposit, bank deposit insurance, bank discount, bank draft, banker, bankerish, banker's acceptance, banker's check

British Dictionary definitions for bank discount

bank discount

noun

interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012