Bank discount: Difference between revisions
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olodelcnaro | |||
The advanced payment of interest demanded by the bank at the time of making a loan. It is computed as simple interest on the face value of the note for the time given. | The advanced payment of interest demanded by the bank at the time of making a loan. It is computed as simple interest on the face value of the note for the time given. | ||
[[Category:Glossary]] | [[Category:Glossary]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 12:36, 31 December 2007
olodelcnaro The advanced payment of interest demanded by the bank at the time of making a loan. It is computed as simple interest on the face value of the note for the time given.