Bank discount

From StructuralWiki

Revision as of 17:41, 31 December 2007 by Ok (talk | contribs) (Reverted edits by ZelouOrdel (Talk); changed back to last version by Ok)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Jump to navigation Jump to search

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.

Retrieved from "https://www.structuralwiki.org/structural-wiki-en/index.php?title=Bank_discount&oldid=8267"