bank discount

bank discount

n. The interest on a loan computed in advance and deducted at the time the loan is made.

bank discount

n (Banking & Finance) interest on a loan deducted from the principal amount when the loan is made and based on the loan's face value

Thesaurus

Noun

1.

bank discount - interest on an annual basis deducted in advance on a loandiscount, discount rateinterest rate, rate of interest - the percentage of a sum of money charged for its usebank rate - the discount rate fixed by a central bank