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bank discount |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
bank discount n
(Economics, Accounting & Finance / Banking & Finance) interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value ThesaurusLegend: Synonyms Related Words Antonyms
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In addition, the estimated asset values were reduced (referred to as a "haircut") as described in the "Federal Reserve Bank Discount and PSR Collateral Margins Table. Canada's leading publisher of investment advice, and National Bank Discount Brokerage, a wholly owned subsidiary of National Bank of Canada, have agreed to a plan that they say will "give investors a dynamic new tool in the never-ending search for profits. He is also a member of the Board of Directors of the Montreal Exchange, the Boston Option Exchange and National Bank Discount Brokerage. |
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