Dictionary De - En
De - Es
De - Pt| English Dictionary: discount broker | by the DICT Development Group |
| 1 result for discount broker | |
| From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
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Discount \Dis"count`\, n. [Cf. F. d[82]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted. 2. A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money. 3. The rate of interest charged in discounting. {At a discount}, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated. {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 become due. {Discount broker}, one who makes a business of discounting commercial paper; a bill broker. {Discount day}, a particular day of the week when a bank discounts bills. {True discount}, the interest which, added to a principal, will equal the face of a note when it becomes due. The principal yielding this interest is the present value of the note. | |
