bank discount

noun

A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.

Similar
discount ratediscount
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Meanings

nounbank discount (plural bank discounts)

plural bank discounts

  1. A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.

Synonyms & antonyms

nouninterest on an annual basis deducted in advance on a loan

Similar
discount ratediscount
Broader
interest raterate of interest
Also see
discountdiscount rate

Synonym sets from Open English WordNet, CC BY 4.0.

Cite this entry
APA

bank discount. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/bank%20discount

MLA

“bank discount.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/bank%20discount. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “bank discount,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/bank%20discount.

Source: bank discount on Wiktionary, CC BY-SA 4.0.