: the interest discounted in advance on a note and computed on the face value of the note
Example Sentences
Recent Examples on the WebFrom Amazon devices on the cheap, to exclusive Anker power bank discounts, and a small, but decent eBay coupon, here are the best deals of the week. Cameron Faulkner, The Verge, 25 Aug. 2018
Word History
First Known Use
1803, in the meaning defined above
Legal Definition
bank discount
noun
: the interest that is discounted in advance on a note and computed on the face value of the note