bank discount
noun
interest on a loan, deducted in advance from the face value of the note.
Origin of bank discount
1First recorded in 1905–10
Words Nearby bank discount
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
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
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