bank discount
noun
interest on a loan, deducted in advance from the face value of the note.
Origin of bank discount
First recorded in 1905–10
Words nearby bank discount
bank card,
bank check,
bank clerk,
bank deposit,
bank deposit insurance,
bank discount,
bank draft,
bank examiner,
bank giro,
bank holiday,
bank indicator
British Dictionary definitions for bank discount
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