Meaning Of The Word Bank discount

Real Dictionary

What's the definition of Bank discount? Find Bank discount meanings, definitions and more at the Real Dictionary online.

Bank discount Meaning

Bank discount Definition
Bank discount Definition

What's The Definition Of Bank discount?

bank discount in American English
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
noun: interest on a loan, deducted in advance from the face value of the note

bank discount in British English
noun: interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value

More Definitions

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Definitions Of The Day

  • Projection TV ‐ a system made up of lenses, mirrors, and a cathode-ray…
  • Infusionism ‐ the doctrine that the preexisting human soul enters…
  • Storyteller ‐ a person who narrates stories; countable noun:…
  • Arse around ‐ If you say that someone is arsing around or arsing…
  • Perforce ‐ by or through necessity; necessarily; Perforce…
  • Absolute configuration ‐ noun: the spatial arrangement of atoms or groups…
  • Animal cracker ‐ a small cookie shaped like any of various animals…
  • Navar ‐ noun: a system of air navigation in which a ground…
  • The Beaver State ‐ a nickname for the state…
  • Dardanelles ‐ strait joining the Sea of Marmara and the Aegean…