bank discount

noun

Definition of bank discount

: the interest discounted in advance on a note and computed on the face value of the note

Examples of bank discount in a Sentence

Recent Examples on the Web From Amazon devices on the cheap, to exclusive Anker power bank discounts, and a small, but decent eBay coupon, here are the best deals of the week. Cameron Faulkner, The Verge, 25 Aug. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'bank discount.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of bank discount

1803, in the meaning defined above

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Time Traveler for bank discount

Time Traveler

The first known use of bank discount was in 1803

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Statistics for bank discount

Cite this Entry

“Bank discount.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20discount. Accessed 22 Jun. 2021.

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More Definitions for bank discount

bank discount

noun

Legal Definition of bank discount

: the interest that is discounted in advance on a note and computed on the face value of the note

More from Merriam-Webster on bank discount

Britannica English: Translation of bank discount for Arabic Speakers

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