noun
Etymology: bank (IV)
: the interest discounted in advance on a note and computed on the face value of the note
the bank discount on $1000 for one year at 5 5 is $50
— compare arithmetical discount
noun
Etymology: bank (IV)
: the interest discounted in advance on a note and computed on the face value of the note
the bank discount on $1000 for one year at 5 5 is $50
— compare arithmetical discount
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012