Discount broker

Discount broker
Discount Dis"count`, n. [Cf. F. d['e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted. [1913 Webster]

2. A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money. [1913 Webster]

3. The rate of interest charged in discounting. [1913 Webster]

{At a discount}, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated.

{Bank discount}, a sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it become due.

{Discount broker}, one who makes a business of discounting commercial paper; a bill broker.

{Discount day}, a particular day of the week when a bank discounts bills.

{True discount}, the interest which, added to a principal, will equal the face of a note when it becomes due. The principal yielding this interest is the present value of the note. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • discount broker — A brokerage house featuring relatively low commission rates in comparison to a full service broker. Bloomberg Financial Dictionary See broker. * * * discount broker discount broker ➔ broker1 * * * discount broker UK US noun [C] ► STOCK MARK …   Financial and business terms

  • Discount Broker — A stockbroker who carries out buy and sell orders at a reduced commission compared to a full service broker, but provides no investment advice. It used to be that only the wealthy could afford a broker and access to the stock market. The internet …   Investment dictionary

  • Discount-Broker — Dis|count|bro|ker, Dis|count Bro|ker […broʊkɐ ], der; s, : Unternehmen, das im Auftrag von Privatkunden gegen niedrige Gebühren mit Wertpapieren handelt. * * * Discount Broker   [dɪs kaʊntbrəʊkə, englisch], Wertpapierhandelsunternehmen, die… …   Universal-Lexikon

  • discount broker — discount brokerage. 1. an agent who discounts commercial paper. 2. a stockbroker who charges discount commission fees. [1860 65] * * * …   Universalium

  • discount-broker — disˈcount broker noun A person who cashes notes or bills of exchange at a discount • • • Main Entry: ↑discount …   Useful english dictionary

  • discount broker — /ˈdɪskaʊnt broʊkə/ (say diskownt brohkuh) noun a merchant who cashes bills of exchange at a discount, or lends money at a discount on securities …  

  • discount broker — noun : one who makes a business of discounting commercial paper usually as an agent * * * discount brokerage. 1. an agent who discounts commercial paper. 2. a stockbroker who charges discount commission fees. [1860 65] …   Useful english dictionary

  • discount broker — bill broker …   Accounting dictionary

  • discount broker — See bill broker …   Big dictionary of business and management

  • discount broker — / dɪskaυnt ˌbrəυkə/ noun a broker who charges a lower commission than other brokers …   Dictionary of banking and finance

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