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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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