noun
the discount rate fixed by a central bank
• Hypernyms: ↑discount rate, ↑discount, ↑bank discount
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noun : the discount rate fixed by a central bank (as by the Bank of England) — compare discount rate
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1. the rate of discount fixed by a bank or banks.
2. Brit. the discount charge set by a central bank, as by the Bank of England.
[1875-80]
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bank rate noun
Until 1972 the rate at which the Bank of England was prepared to discount bills, replaced by minimum lending rate (qv), itself replaced in 1981 by the base rate
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Main Entry: ↑bank
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the rate of interest that banks use to calculate how much interest to charge on money they lend to each other rather than to their customers
Thesaurus: general words relating to bankinghyponym
See also: base rate
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bank rate,
1. the discount rate fixed by a bank or banks for a specified type of notes or other commercial paper.
2. such a rate fixed by a central bank or banking system (in the United States, by the Board of Governors of the Federal Reserve Board).
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n. the rate of discount set by a central bank
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noun, pl ⋯ rates [count]
: the rate of interest that is charged by the banks in a particular country
◇ The bank rate is set by a country's main bank.
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the rate of interest charged by a bank for lending money, which is fixed by a central bank in a country
Useful english dictionary. 2012.