bank discount
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 21 U.S. 338 - Fleckner v. President Directors and Company of the Bank of the United States · 1823Most cited · 155 citing opinions
by the language of the commercial world, and the settled practice of banks, a discount by a bank means, ex vi termini, a deduction or draw-back made upon its advances or loans of money, upon negotiable paper, or other evidences of debt, payable at a future day, which are transferred to the bank.