What is the meaning of Bank discount?

A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
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APAWebster's. (2011). bank discount. Retrieved September 27, 2026, from http://smartdefine.org/bank_discount/definitions/1978193
ChicagoWebster's. 2011. "bank discount" http://smartdefine.org/bank_discount/definitions/1978193 (accessed September 27, 2026).
HarvardWebster's 2011, bank discount, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/bank_discount/definitions/1978193>.
MLAWebster's. "bank discount" 27 May 2011. Web. 27 September 2026. <http://smartdefine.org/bank_discount/definitions/1978193>
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