Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

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

Word of the Day

navigate

to direct the way that a ship, aircraft, etc. will travel, or to find a direction across, along, or over an area of water or land, often by using a map

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