discount market

noun
a trading market in which notes, bills, and other negotiable instruments are discounted.

Origin:
1890–95

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World English Dictionary
discount market
 
n
the part of the money market consisting of banks, discount houses, and brokers on which bills are discounted

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Gold exports are looked for here and the discount market is firm in anticipation of dearer money.
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