bank discount
bank discount · bank discounts
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Rabatt, Nachlass, Ermäßigung
A sum equal to the interest at a given rate on the principal of a bill or note from…A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
Meaning
1 sensesA sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
More definitions
- interest on an annual basis deducted in advance on a loan
Forms
plural: bank discounts| Singular | bank discount |
|---|---|
| Plural | bank discounts |
regular
Synonyms
2 synonymsClose in meaning
- interest on an annual basis deducted in advance on a loan:discount ratediscount