discount market Meaning in the Cambridge English Dictionary

Meaning of “discount market” in the English Dictionary

"discount market" in Business English

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discount marketnoun [S]

uk   us  
FINANCE in the UK, the ​part of the ​financialsystem in which bills of ​exchange are ​bought and ​sold at a ​reducedprice: We ​accept Bills of Exchange and ​arrange for them to be ​discounted on the ​discountmarket.
COMMERCE the ​group of ​companies or ​stores within a particular ​industry that ​sellsproducts or ​services at ​lower than usual ​prices: The decision by some of Britain's traditional ​departmentstores to ​enter the ​discountmarket could ​forceconsolidation.
(Definition of discount market from the Cambridge Business English Dictionary © Cambridge University Press)
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“discount market” in Business English

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