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discount rate

DEFINITIONS OF: discount rate

1

n interest on an annual basis deducted in advance on a loan

Synonyms:
bank discount, discount
Types:
bank rate
the discount rate fixed by a central bank
Type of:
interest rate, rate of interest
the percentage of a sum of money charged for its use

n the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System

Type of:
interest rate, rate of interest
the percentage of a sum of money charged for its use
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