Meaning of “discount loan” in the English Dictionary

business-english dictionary

"discount loan" in Business English

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discount loannoun [ C ]

uk us 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)