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rate of interest vs bank discount

bank discount vs rate of interest

rate of interest and bank discount both are nouns.

Word NounAdjectiveVerbAdverb
rate of interest Yes No No No
bank discount Yes No No No
As nouns, bank discount is a hyponym of rate of interest; that is, bank discount is a word with a more specific, narrower meaning than rate of interest:
  • rate of interest: the percentage of a sum of money charged for its use
  • bank discount: interest on an annual basis deducted in advance on a loan
Other hyponyms of rate of interest include discount, discount rate, discount rate, base rate, prime interest rate, usury, vigorish, lombard rate.
rate of interest (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 rate of interest and bank discount

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