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discount rate

English

  1. 🔊 interest on an annual basis deducted in advance on a loan
  2. 🔊 the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System

Similar words

discount bank discount bank rate compensatory interest compound interest exorbitant interest gross interest interest interest rate lucrative interest mortgage points net interest penal interest premium price price of money rate rate of interest simple interest usury