Definition of Bank Discount in English :

Define Bank Discount in English

Bank Discount meaning in English

Meaning of Bank Discount in English

Pronunciation of Bank Discount in English

Bank Discount pronunciation in English

Pronounce Bank Discount in English

Bank Discount

see synonyms of bank discount

Noun

1. bank discount, discount, discount rate

interest on an annual basis deducted in advance on a loan

WordNet Lexical Database for English. Princeton University. 2010.


Bank Discount

see synonyms of bank discount
noun
interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value

Collins English Dictionary. Copyright © HarperCollins Publishers


Bank Discount

see synonyms of bank discount
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

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.


Bank Discount

see synonyms of bank discount
n.
The interest on a loan computed in advance and deducted at the time the loan is made.

The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.