Meaning of DISCOUNT RATE
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- [n] interest on an annual basis deducted in advance on a loan
- [n] (United States) the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System
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| | Synonyms: | | bank discount, discount |
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| | See Also: | | bank rate, interest rate, rate of interest | |
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| | Related Terms: | | bank rate, compensatory interest, compound interest, exorbitant interest, gross interest, interest, interest rate, lucrative interest, mortgage points, net interest, penal interest, premium, price, price of money, rate, rate of interest, simple interest, usury |
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