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bank rate

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noun

the rate of discount fixed by a bank or banks.
British. the discount charge set by a central bank, as by the Bank of England.

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Origin of bank rate

First recorded in 1875–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use bank rate in a sentence

British Dictionary definitions for bank rate

bank rate

noun

another name for base rate (def. 2)
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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