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bank discount

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.09 sec.
bank discount
n.
The interest on a loan computed in advance and deducted at the time the loan is made.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bank 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


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? Mentioned in ? References in periodicals archive
 
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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