noun ·Rare ·Advanced level

Definitions

Noun

1. 1
   An interest rate that a central bank charges depository institutions that borrow reserves from it. countable, uncountable
2. 2
   interest on an annual basis deducted in advance on a loan wordnet
3. 3
   The interest rate used to discount future cashflows of a financial instrument; the annual interest rate used to decrease the amounts of future cashflows to yield their present value. countable, uncountable
4. 4
   the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System wordnet

Synonyms

All synonyms

bank discountbank ratecompensatory interestcompound interestdiscountexorbitant interest