banker's discount Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “banker's discount” in the English Dictionary

"banker's discount" in Business English

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banker's discountnoun [C]

uk   us   BANKING, FINANCE
the difference between the ​amount shown on a bill of ​exchange, etc. that a ​customersends to a ​bank for ​payment, and the ​amount that the ​customer receives, after the ​bank has taken its ​payment: The banker's ​discount is ​calculated at a ​certainrate of ​interestper annum on the ​amount of the ​bill for the unexpired ​period.
(Definition of banker's discount from the Cambridge Business English Dictionary © Cambridge University Press)
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