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Bank discount   /bæŋk dɪskˈaʊnt/   Listen
Bank discount

noun
1.
Interest on an annual basis deducted in advance on a loan.  Synonyms: discount, discount rate.





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"Bank discount" Quotes from Famous Books



... learning to multiply he builds upon his acquaintance with addition and subtraction. In solving problems in percentage his success is measured by the freedom with which he can use the four fundamental processes of addition, subtraction, Multiplication, and division. In computing bank discount, his skill is based on ability to employ his previous experience with percentage and the ...
— Increasing Efficiency In Business • Walter Dill Scott


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