discount market


noun

a trading market in which notes, bills, and other negotiable instruments are discounted.

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Origin of discount market

First recorded in 1890–95
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for discount market

discount market

noun

the part of the money market consisting of banks, discount houses, and brokers on which bills are discounted
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