discount rate
- discount ()
- the rate at which the Federal Reserve Banks discount or rediscount securities offered by member banks
See discount rate in American Heritage Dictionary 4
noun- The interest deducted in advance in purchasing, selling, or lending a commercial paper.
- The interest rate charged by a central bank on loans to its member banks. A change in the discount rate is usually followed by similar changes in the interest rates charged by banks and money markets.
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