bank discount

noun

: the interest discounted in advance on a note and computed on the face value of the note

Word History

First Known Use

1803, in the meaning defined above

Time Traveler
The first known use of bank discount was in 1803

Dictionary Entries Near bank discount

bank deposit insurance

bank discount

bank draft

See More Nearby Entries 

Cite this Entry

“Bank discount.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20discount. Accessed 28 Nov. 2024.

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Legal Definition

bank discount

noun
: the interest that is discounted in advance on a note and computed on the face value of the note

More from Merriam-Webster on bank discount

Britannica English: Translation of bank discount for Arabic Speakers

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