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discount rate |
Also found in: Financial, Wikipedia, Hutchinson | 0.02 sec. |
discount rateor bank rateInterest rate charged by a central bank for loans of reserve funds to commercial banks and other financial intermediaries. The discount rate is one important indicator of the condition of monetary policy in an economy. Because raising or lowering the discount rate alters the rates that commercial banks charge on loans, adjustment of the discount rate is used as a tool to combat recession and inflation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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For example if you take out a one-year loan of $100 at a discount interest rate of 10%, you would receive $90 at the outset. |
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