- bank discount
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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.
bank discount
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. 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 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
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 Basis — A quoting convention used by financial institutions when quoting prices for fixed income securities sold at a discount, particularly U.S. Government issues. The quote is presented as a percentage of face value, and is determined by discounting… … Investment dictionary
bank discount rate — /bæŋk dɪskaυnt reɪt/ noun a rate charged by a bank for a loan where the interest charges are deducted when the loan is made … Dictionary of banking and finance
