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bank discount

noun
1.
interest on a loan, deducted in advance from the face value of the note.
Origin
1905-1910
1905-10
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for bank dis count

bank discount

noun
1.
interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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10
12
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