English dictionary
discount rate meaning and definition
Definition and meaning of discount rate at MeaningMonkey.org. discount rate meaning and definition in the English Dictionary.DISCOUNT RATE noun
Definition of discount rate (noun)
- the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System
- interest on an annual basis deducted in advance on a loan
- synonyms: bank discount, discount
Source: Princeton University Wordnet