discount market

noun

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

Origin of discount market

First recorded in 1890–95

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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