the part of the money market consisting of banks, discount houses, and brokers on which bills are discounted
discount market in American English
noun
a trading market in which notes, bills, and other negotiable instruments are discounted
Word origin
[1890–95]This word is first recorded in the period 1890–95. Other words that entered Englishat around the same time include: blip, bootstrap, historicism, neoclassicism, pogey
Examples of 'discount market' in a sentence
discount market
Even as late as the 1970s, the discount market was the last bastion of the prewar work ethic.