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English definition of “discount house”

discount house

noun [C]
 
 
BANKING, FINANCE in the UK until the 1990s, a type of bank that bought and sold agreements to pay debt, such as bills of exchange, at a reduced price: The original discounting institution, a bank or discount house, for example, might well find itself short of liquidity before the bill matures.
US COMMERCE discount store
(Definition of discount house from the Cambridge Business English Dictionary © Cambridge University Press)
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