bank discount

noun

: the interest discounted in advance on a note and computed on the face value of the note

First Known Use

1803, in the meaning defined above

Time Traveler

The first known use of bank discount was in 1803

See more words from the same year

Style

“Bank discount.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20discount. Accessed 2 Dec. 2024.

Copy Citation

bank discount

noun

: the interest that is discounted in advance on a note and computed on the face value of the note

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