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Discount rate   /dɪskˈaʊnt reɪt/   Listen
Discount rate

noun
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.  Synonyms: bank discount, discount.





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"Discount rate" Quotes from Famous Books



... the discount rate in the Bank of England under such circumstances came like a thunder-clap, and the distended bladder burst. Banks suspended payment, and bank notes lost from 10 to 20 per cent. Exchange on France and England rose to 22 per cent., all metal disappeared from circulation, ...
— A Brief History of Panics • Clement Juglar
... reserve in France is so great that the movements of the precious metals, when they are the result only of natural causes, are allowed to go on without corresponding movements in the discount rate. But it must be remembered that this large reserve is held in part against a gigantic note issue, and also that the trade activity and enterprise of the French people are less intense than in either the United Kingdom ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 - "Banks" to "Bassoon" • Various


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