D defs.my
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Entry 1 sense Webster, 1913

Bank discount

· IPA
01 A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
  1. 1.
    A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.