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词汇 true discount
释义

Definition of true discount in English:

true discount

noun
Banking Finance
  • A discount equivalent to the difference between the face value and the present value of a bill of exchange or promissory note.

Origin

Early 18th century; earliest use found in Edward Hatton (b.?1664).

Definition of true discount in US English:

true discount

noun
Banking Finance
  • A discount equivalent to the difference between the face value and the present value of a bill of exchange or promissory note.

Origin

Early 18th century; earliest use found in Edward Hatton (b. ?1664).

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