TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ARITHMETIC DISCOUNT [1 record]

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Alphabetical list of terms

Record 1 2001-01-11

English

Subject field(s)
  • Banking
DEF

... the accurate method of computing interest paid in advance.

CONT

6% True Discount means $6 per $94 for 1 year ... on monthly and seasonal contracts.

OBS

true discount: term and text reproduced from The Encyclopedia of Banking and Finance, Tenth Edition (1993), by Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, with the permission of the copyright holder, The McGraw-Hill Companies Inc. In no event shall McGraw-Hill have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with the use of this material.

Key term(s)
  • arithmetical discount

French

Domaine(s)
  • Banque
CONT

Escompte rationnel (ou en dedans). Pour être rationnel, l'escompte doit être calculé sur le net prêté.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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