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bank discount

American

noun

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

bank discount British

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

Etymology

Origin of bank discount

First recorded in 1905–10

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Today it is not uncommon for one government to give another government a few hours' notice of a change in the bank discount rate, a practice unheard of only a few years ago.

From Time Magazine Archive

Switzerland last week raised its bank discount rate from 2�% to 3�% , thus becoming the fifth European nation to do so in the past ten weeks.

From Time Magazine Archive

The Belgian bank discount rate is 2�% as compared with 8% for Germany, 4�% for Britain.

From Time Magazine Archive

"Central bank discount rate" provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds.

From The 2008 CIA World Factbook by United States. Central Intelligence Agency

Central bank discount rate: This entry provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds.

From The 2008 CIA World Factbook by United States. Central Intelligence Agency

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023