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

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