Meaning Of The Word Bank discount
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 |
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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 |
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