Discounting of bank paper

Discounting of bank paper
  Facilities by which the bank discounts banking institution promissory notes issued to the order of the bank by the borrower. This type of facility is generally limited to within 180 days. See also Discount.

International financial encyclopaedia . 2014.

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  • Discounting of house paper —   Facilities by which the bank discounts its own promissory notes issued to the order of the bank by the borrower (i.e. ourselves). This type of facility is generally limited to within 180 days. See also Discount …   International financial encyclopaedia

  • Discounting of other paper —   Facilities by which the bank discounts the promissory notes of non banking institutions issued to the order of the bank by the borrower. This type of facility is generally limited to within 180 days. See also Discount …   International financial encyclopaedia

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  • bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …   Universalium

  • Bank discount — 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.… …   The Collaborative International Dictionary of English

  • bank — An institution, usually incorporated, the business of which is primarily receiving deposits of money, the collection of commercial paper, discounting commercial paper, lending money, issuing, purchasing, and accepting bills of exchange or drafts …   Ballentine's law dictionary

  • Commercial paper in India — is a new addition to short term instruments in Indian Money market since 1990 onward. The introduction of Commercial paper as the short term monetary instrument was the beginning of a reform in Indian Money market on the background of trend of… …   Wikipedia

  • central bank discount rate — The rate of interest charged by a central bank for discounting eligible paper …   Big dictionary of business and management

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • History of banking — The first banks were the merchants of the ancient world that made loans to farmers and traders that carried goods between cities. The first records of such activity dates back to around 2000 BC in Assyria and Babylonia. Later, in ancient Greece… …   Wikipedia

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