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Thesaurus: bank discount
interest on an annual basis deducted in advance on a loan
Related headwords
interestdefinitionbilldefinitiondiscountingdefinitionduedefinitionequaldefinitionfacedefinitiongivendefinitionnotedefinitionprincipaldefinitionratedefinitionsumdefinitiontimedefinitionuntildefinitionadvancedefinitionannualdefinitionbasisdefinitionbecomesdefinitiondeducteddefinitionloandefinitionbank billfamilybank bookfamilybank buildingfamilybank cardfamilybank charterfamilybank checkfamilybank clerkfamilybank closingfamilybank commissionerfamily
Definitions
- n. interest on an annual basis deducted in advance on a loan
- 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.
- 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 itbecomes due.