Wordnet 3.0
NOUN (2)
1.
the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System;
2.
interest on an annual basis deducted in advance on a loan;
[syn: discount rate, discount, bank discount]
WordNet (r) 3.0 (2006):
discount rate
n 1: the rate of interest set by the Federal Reserve that member
banks are charged when they borrow money through the
Federal Reserve System
2: interest on an annual basis deducted in advance on a loan
[syn: discount rate, discount, bank discount]