Discounting of bank paper


Discounting of bank paper
  Facilities by which the bank discounts banking institution promissory notes issued to the order of the bank by the borrower. This type of facility is generally limited to within 180 days. See also Discount.

International financial encyclopaedia . 2014.

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  • Discounting of house paper —   Facilities by which the bank discounts its own promissory notes issued to the order of the bank by the borrower (i.e. ourselves). This type of facility is generally limited to within 180 days. See also Discount …   International financial encyclopaedia

  • Discounting of other paper —   Facilities by which the bank discounts the promissory notes of non banking institutions issued to the order of the bank by the borrower. This type of facility is generally limited to within 180 days. See also Discount …   International financial encyclopaedia

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  • Bank discount — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.… …   The Collaborative International Dictionary of English

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  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • History of banking — The first banks were the merchants of the ancient world that made loans to farmers and traders that carried goods between cities. The first records of such activity dates back to around 2000 BC in Assyria and Babylonia. Later, in ancient Greece… …   Wikipedia