BANK DISCOUNT

I. (noun)

Meaning:

Interest on an annual basis deducted in advance on a loan

Synonyms:

bank discount; discount; discount rate

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("bank discount" is a kind of...):

interest rate; rate of interest (the percentage of a sum of money charged for its use)

Hyponyms (each of the following is a kind of "bank discount"):

bank rate (the discount rate fixed by a central bank)