Synonyms: discount, discount rate, bank discount
Definition: interest on an annual basis deducted in advance on a loan
Similar words: interest rate, rate of interest
Definition: the percentage of a sum of money charged for its use
Synonyms: discount rate
Definition: the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System
Similar words: interest rate, rate of interest
Definition: the percentage of a sum of money charged for its use