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interest rate vs bank discount

bank discount vs interest rate

interest rate and bank discount both are nouns.

Word NounAdjectiveVerbAdverb
interest rate Yes No No No
bank discount Yes No No No
As nouns, bank discount is a hyponym of interest rate; that is, bank discount is a word with a more specific, narrower meaning than interest rate:
  • interest rate: the percentage of a sum of money charged for its use
  • bank discount: interest on an annual basis deducted in advance on a loan
interest rate (noun) bank discount (noun)
the percentage of a sum of money charged for its use interest on an annual basis deducted in advance on a loan
Difference between interest rate and bank discount

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