noun
1. the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System
• Regions:
• Hypernyms: ↑interest rate, ↑rate of interest
2. interest on an annual basis deducted in advance on a loan
• Syn: ↑discount, ↑bank discount
• Hypernyms: ↑interest rate, ↑rate of interest
• Hyponyms: ↑bank rate
Useful english dictionary. 2012.