bank discount


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Related to bank discount: Bank Discount Rate

bank discount

n.
The interest on a loan computed in advance and deducted at the time the loan is made.

bank discount

n
(Banking & Finance) interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bank discount - interest on an annual basis deducted in advance on a loanbank discount - interest on an annual basis deducted in advance on a loan
interest rate, rate of interest - the percentage of a sum of money charged for its use
bank rate - the discount rate fixed by a central bank
References in periodicals archive ?
For Kuwait, the central bank discount rate was at three per cent, which is a decline from a high of 6.
is only recovering slowly after the attack in September 2001, although the Federal Reserve Bank has continuously been reducing the central bank discount rate.
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.
As a sidelight, including the other bank discount rate recommendations might also capture the effects of some omitted variables.
However, the Board quickly saw the necessity for developing a Systemwide discount policy so that all the Reserve Bank discount rates, even if differing among the Districts, would at least bear a consistent relation to one another.
Next, the author explores the mathematics of the time value of money through a discussion of simple interest, bank discount, compound interest, and annuities.
TASE's first stock options were launched in 2009 and options on 8 individual shares are currently traded (Teva Pharmaceutical Industries, Bank Hapoalim, Bank Leumi, Israel Chemicals, Bank Mizrachi Tefahot, Bank Discount, Ratio Oil Exploration and Avner Oil Exploration), with 6,500 contracts on average changing hands each day.
Israel's Ministry of Finance sold 5% of Bank Discount, a TA-25 index company, to institutional investors through Deutsche Bank for US $ 120 million.
NASDAQ: NSTC and TASE: NSTC), a global provider of IT services and solutions, today announced that it has been awarded a contract from Bank Discount to deploy an Interactive Voice Response (IVR) and speech recognition system at Israel's Bank Discount.
Chairman and CEO of Nobel Energy Charles Davidson; Nasdaq President Magnus Bocker; Director General of Israel's Finance Ministry Yarom Ariav; Senior US Investment Strategist at Goldman Sachs Abby Joseph Cohen; former Israeli ambassador to the UN Daniel Gillerman; Senior political analyst at the Washington Post David Ignatius; CEO and President of Bank Discount in New York Reuven Spiegel; , Delek Energy CEO Gideon Tadmor; Ronald Kent - Vice President and Head of International Listings at the NYSE; and many others.
6 billion) and Bank Discount (some 25%, valued at U.