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Related to discount rate: Federal funds rate
1. The interest rate charged by a central bank on loans to its member banks. A change in the discount rate is usually followed by similar changes in the interest rates charged by banks and money markets.
2. The interest rate used in determining the present value of a future payment or series of payments.
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.
1. (Banking & Finance) the amount of interest deducted in the purchase or sale of or the loan of money on unmatured negotiable instruments
2. (Banking & Finance) the rate of interest deducted
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.||discount rate - the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System|
U.S.A., United States, United States of America, US, USA, America, the States, U.S. - North American republic containing 50 states - 48 conterminous states in North America plus Alaska in northwest North America and the Hawaiian Islands in the Pacific Ocean; achieved independence in 1776
|2.||discount rate - 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.