discount of bills

payment of bank bills before the stated date resulting in a reduction of the interest and commission

English contemporary dictionary. 2014.

Look at other dictionaries:

  • Discount Yield — is a measure of a bond s percentage return. Discount yield is most frequently used to calculate the yield on short term bonds and treasury bills sold at a discount. This yield calculation uses a 30 day month and 360 day year to simplify… …   Investment dictionary

  • Discount — Dis count (?; 277), v. t. [imp. & p. p. {Discounted}; p. pr. & vb. n. {Discounting}.] [OF. desconter, descompter, to deduct, F. d[ e]compter to discount; pref. des (L. dis ) + conter, compter. See {Count}, v.] 1. To deduct from an account, debt,… …   The Collaborative International Dictionary of English

  • discount market — ➔ market1 * * * discount market UK US noun [S] ► FINANCE in the UK, the part of the financial system in which bills of exchange are bought and sold at a reduced price: »We accept Bills of Exchange and arrange for them to be discounted on the… …   Financial and business terms

  • discount — dis·count 1 / dis ˌkau̇nt/ n: a reduction made from the gross amount or value of something: as a: a reduction made from a regular or list price or a proportionate deduction from a debt account usu. made for prompt payment or for payment in cash b …   Law dictionary

  • discount house — An institution that specialises in discounting bills of exchange (bill of exchange), Treasury bills and government bonds. The Bank of England uses discount houses to counteract shortages of day to day credit. Discount houses act as an… …   Law dictionary

  • Discount — Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted. [1913… …   The Collaborative International Dictionary of English

  • Discount broker — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.… …   The Collaborative International Dictionary of English

  • Discount day — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.… …   The Collaborative International Dictionary of English

  • discount house — ➔ house * * *    Term used in the UK to describe an institution acting as an intermediary between the Bank of England and the banking system. * * * discount house UK US noun [C] ► BANKING, FINANCE in the UK until the 1990s, a type of bank that… …   Financial and business terms

  • discount — a deduction made from the normal cost or purchase price. Glossary of Business Terms 1) Quality differences between those standards set for some futures contracts and the quality of the delivered goods. If inferior goods are tendered for delivery …   Financial and business terms

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