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Related to bank discount: Bank Discount Rate
The interest on a loan computed in advance and deducted at the time the loan is made.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Banking & Finance) 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 and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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|Noun||1.||bank discount - interest on an annual basis deducted in advance on a loan|
bank rate - the discount rate fixed by a central bank
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.