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English definition of “discount market”

discount market

noun [S]    
FINANCE in the UK, the part of the financial system in which bills of exchange are bought and sold at a reduced price: We accept Bills of Exchange and arrange for them to be discounted on the discount market.
COMMERCE the group of companies or stores within a particular industry that sells products or services at lower than usual prices: The decision by some of Britain's traditional department stores to enter the discount market could force consolidation.
(Definition of discount market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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