Share this entry
bank discount Syllabification: bank dis·count

Entry from US English dictionary

Definition of bank discount in English:


Interest computed on the face value of a loan and deducted in advance from the loan by the lending bank.
Example sentences
  • Since we computed the bank discount rate from the dollar discount and the investment, all we have to do is reverse the process.
  • For example, the bank discount method is used for Treasury bills sold by the U.S. government and commercial paper issued by businesses.
  • If a bank customer obtains such an insurance quote, the bank will provide bank discounts on bank service fees for bank products to such customer.
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove adverts and access premium resources