Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “banker's discount”

banker's discount

noun [C]     BANKING, FINANCE
the difference between the amount shown on a bill of exchange, etc. that a customer sends to a bank for payment, and the amount that the customer receives, after the bank has taken its payment: The banker's discount is calculated at a certain rate of interest per annum on the amount of the bill for the unexpired period.
(Definition of banker's discount noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of banker's discount

Word of the Day

sail

When a boat or a ship sails, it travels on the water.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More