CEFR C1

bank discount

noun phrase

Meaning

The interest charged by a bank when it purchases a negotiable instrument (such as a bill of exchange or a promissory note) at a price less than its face value, before it is due.

Examples

The company applied for a bank discount on their outstanding invoices to improve immediate cash flow.
Understanding the calculation of bank discount is crucial for businesses managing short-term finances.

Synonyms: commercial discount, note discount, trade discount

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bank discount (C1)

noun phrase

Pronunciation: /bæŋk ˈdɪskaʊnt/

Definition

The interest charged by a bank when it purchases a negotiable instrument (such as a bill of exchange or a promissory note) at a price less than its face value, before it is due.

Examples

The company applied for a bank discount on their outstanding invoices to improve immediate cash flow.
Understanding the calculation of bank discount is crucial for businesses managing short-term finances.

How to Use bank discount

bank discount on (prepositional phrase): The discount applied to a specific financial instrument. — "They received a bank discount on their receivables."
at a bank discount (prepositional phrase): Referring to a transaction made using this method. — "The note was sold at a bank discount to secure immediate funds."

Synonyms of bank discount

Words with a similar meaning to bank discount:

Antonyms of bank discount

Words with the opposite meaning to bank discount:

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