Bank discount definitions

Bank discount

• 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.
Found on http://thinkexist.com/dictionary/meaning/bank_discount/

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Bank discount

Bank discount 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.
Found on http://www.encyclo.co.uk/webster/B/11

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