• word of the day

    discount rate

    discount rate - Dictionary definition and meaning for word discount rate

    Definition
    (noun) the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System Definition
    (noun) interest on an annual basis deducted in advance on a loan
    Synonyms : bank discount , discount

Word used in video below:
text: yeah what kind of discount do we get
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