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

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Style

“Bank discount.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20discount. Accessed 25 Dec. 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

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bank discount

noun

Word History

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Legal Definition