Bank Discount

Business, Legal & Accounting Glossary

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Definition: Bank Discount

Bank Discount
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Full Definition of Bank Discount

The bank charge made for payment of a note prior to maturity, expressed as a percentage of the note’s face value.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/bank-discount/
Modern Language Association (MLA):
Bank Discount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/bank-discount/.
Chicago Manual of Style (CMS):
Bank Discount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bank-discount/ (accessed: April 20, 2024).
American Psychological Association (APA):
Bank Discount. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-discount/

Definition Sources

Definitions for Bank Discount are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.