bank discount

bank discount
noun Date: 1841 the interest discounted in advance on a note and computed on the face value of the note

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Bank discount — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.… …   The Collaborative International Dictionary of English

  • Bank discount — A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • bank discount — ➔ discount1 …   Financial and business terms

  • bank discount — n: the interest that is discounted in advance on a note and computed on the face value of the note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • bank discount — n. interest deducted in a lump sum by a bank from a loan when the loan is made: it is computed from the date of the loan to the date of the final payment on the basis of the original amount of the loan …   English World dictionary

  • bank discount — noun interest on an annual basis deducted in advance on a loan • Syn: ↑discount rate, ↑discount • Hypernyms: ↑interest rate, ↑rate of interest • Hyponyms: ↑bank rate …   Useful english dictionary

  • bank discount — interest on a loan, deducted in advance from the face value of the note. [1905 10] * * * …   Universalium

  • Bank Discount Tower — Localisation Coordonnées …   Wikipédia en Français

  • Bank Discount Tower — General information Status Complete Type Offices …   Wikipedia

  • Bank Discount Rate — The interest rate for short term money market instruments like commercial paper and Treasury bills. The bank discount rate is based on the instrument s par value and the amount of the discount. The bank discount rate is the required rate of… …   Investment dictionary

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