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Simple discount is the amount of money a bank is willing to lose or convey to a customer to get their business. Excellent customers of a bank, for example, might be given a discount of a rate of interest that is equal to the prime rate.

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Meaning of simple discount?

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What is the difference of simple interest and simple discount?

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.


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A simple discount is taking a percentage off of the price of the item. This is done often in retail stores.


What word has virtually the same meaning as the word markdown?

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What is the root word for discount?

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Is discount referring to discount received or discount allowed?

The term "discount" can refer to both "discount received" and "discount allowed," depending on the context. "Discount received" typically refers to a reduction in price that a buyer gets from a seller, while "discount allowed" refers to the reduction that a seller offers to a buyer. To clarify which meaning is intended, it's essential to consider the context in which the term is used.


What is the meaning of the french word rabais?

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