discount loan - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “discount loan”

discount loan

noun [C]
 
 
FINANCE
a type of loan, usually given for a short period, in which the person who borrows money gets an amount that is already reduced by the interest and other charges: Discount loans actually charge interest on money that the borrower never gets.
(Definition of discount loan from the Cambridge Business English Dictionary © Cambridge University Press)
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