„Discounting“
What does Discounting stand for?
1. The sale at less than original price of a commodity or monetary instrument, often for immediate payment.
2. A loan by a bank with a deduction of the interest in advance.
Source:
Financial and BankingView all items“Mishkin, Frederic S. The Economics of Money, Banking, and Financial Markets. 11th ed., Pearson, 2016.”