- 1. n. interest on an annual basis deducted in advance on a loan Source: wordnet
- 2. 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. Source: webster
- 3. 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. Source: adambom
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bank discount
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interestbilldiscountingdueequalfacegivennoteprincipalratesumtimeuntiladvanceannualbasisbecomesdeductedloan
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