BANK DISCOUNT

IPA (US):

 Dictionary entry overview: What does bank discount mean? 

• BANK DISCOUNT (noun)
  The noun BANK DISCOUNT has 1 sense:

1. interest on an annual basis deducted in advance on a loan

  Familiarity information: BANK DISCOUNT used as a noun is very rare.

 Dictionary entry details 

• BANK DISCOUNT (noun)

Sense 1

Meaning:

Interest on an annual basis deducted in advance on a loan

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

bank discount; discount; discount rate

Hypernyms ("bank discount" is a kind of...):

interest rate; rate of interest (the percentage of a sum of money charged for its use)

Hyponyms (each of the following is a kind of "bank discount"):

bank rate (the discount rate fixed by a central bank)