arithmetical discount
noun
Definition of arithmetical discount
: the interest discounted in advance on a note and computed on the principal of the note the arithmetical discount on a $1000 note for one year at 5% is $47.62 —called also true discount — compare bank discount
Read the Latest from M-W
There's more!
Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up arithmetical discount? Please tell us where you read or heard it (including the quote, if possible).
Writing? Check your grammar now!