˜yÐÄvlog

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bank discount

noun

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


bank discount

noun

  1. 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
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˜yÐÄvlog History and Origins

Origin of bank discount1

First recorded in 1905–10
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Example Sentences

Examples have not been reviewed.

From Amazon devices on the cheap, to exclusive Anker power bank discounts, and a small, but decent eBay coupon, here are the best deals of the week.

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A. The bank discounts all approved bills offered to it by persons or firms having properly constituted accounts.

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The interest is of the nature of a “bank discount,†and is therefore collected in advance, the only certain way, it may be remarked, to collect it at all.

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The bank discounts merchants' bills of exchange for two months.

From

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.

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