bank rate


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.

Nearby words

  1. bank note,
  2. bank of england,
  3. bank of issue,
  4. bank on,
  5. bank paper,
  6. bank run,
  7. bank shot,
  8. bank statement,
  9. bank swallow,
  10. bank-and-turn indicator

Origin of bank rate

First recorded in 1875–80

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for bank rate

  • No, not quite all; for the bank-rate in England had suddenly jumped sky-high—higher, at any rate, than it had ever jumped before.



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