Meaning of “discount market” in the English Dictionary

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"discount market" in Business English

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discount marketnoun [ S ]

uk us

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