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Bank discount

interest on a loan, deducted in advance from the face value of the note.
interest on a loan deducted from the principal amount when the loan is made and based on the loan’s face value


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  • Bank draft

    a draft drawn by one bank on another. Historical Examples It will save a lot of trouble if you will have the bank draft made out in my name. Doris Force at Locked Gates Julia K. Duncan bank draft—An order drawn by one bank on another for the purpose of paying money. Cyclopedia of Commerce, […]

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    noun a British giro system operated by clearing banks to enable customers to pay sums of money to others by credit transfer

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    Tallulah (Brockman) [tuh-loo-luh brok-muh n] /təˈlu lə ˈbrɒk mən/ (Show IPA), 1903–68, U.S. actress (daughter of William Brockman Bankhead). William Brockman, 1874–1940, U.S. politician: Speaker of the House 1936–40. Historical Examples I received letters a few days ago from Mr. Bankhead and Anne. The Domestic Life of Thomas Jefferson Compiled From Family Letters and Reminiscences […]

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