interest deducted in a lump sum by a bank from a loan when the loan is made: it is computed from the date of the loan to the date of the final payment on the basis of the original amount of the loan
bank discount
bank discount
noun
The definition of bank discount means the interest on a loan that is removed from the loan amount at the point that loan is made.
An example of a bank discount is the interest portion of a student loan that is built into the total loan amount.
YourDictionary definition and usage example. Copyright © 2018 by LoveToKnow Corp
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"bank discount." YourDictionary, n.d. Web. 15 January 2019. <https://www.yourdictionary.com/bank-discount>.
APA Style
bank discount. (n.d.). Retrieved January 15th, 2019, from https://www.yourdictionary.com/bank-discount
bank discount
Webster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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Cite this page
MLA Style
"bank discount." YourDictionary, n.d. Web. 15 January 2019. <https://www.yourdictionary.com/bank-discount>.
APA Style
bank discount. (n.d.). Retrieved January 15th, 2019, from https://www.yourdictionary.com/bank-discount
bank discount
noun
The interest on a loan computed in advance and deducted at the time the loan is made.
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Link to this page
Cite this page
MLA Style
"bank discount." YourDictionary, n.d. Web. 15 January 2019. <https://www.yourdictionary.com/bank-discount>.
APA Style
bank discount. (n.d.). Retrieved January 15th, 2019, from https://www.yourdictionary.com/bank-discount
WORDS NEAR bank discount IN THE DICTIONARY
- bank discount
- bank draft
- bank examination
- bank holding company