What does bank discount mean?
Definitions for bank discount
bank dis·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word bank discount.
Princeton's WordNet
discount rate, discount, bank discountnoun
interest on an annual basis deducted in advance on a loan
ChatGPT
bank discount
A bank discount is the amount by which a bank reduces the face value of a bill of exchange, promissory note, or a bond, if it purchases or discounts the bill/note/bond before it matures. It is essentially the interest the bank charges for the remaining period until maturity, which is deducted upfront when the note or bill is being discounted. The bank discount rate is determined by the factors such as the time remaining until maturity, perceived risk, and current interest rates in the economy.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of bank discount in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of bank discount in Pythagorean Numerology is: 7
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"bank discount." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/bank+discount>.
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