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Comprehensive
Dictionary Suite
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discount to lend or advance money on (commercial paper payable in the future) with interest deducted in advance. [3/12 definitions]
money-market fund a mutual fund whose investments are of a short-term nature and consist of commercial paper or treasury bills, usu. giving a fairly high interest rate.
rediscount (often pl.) twice-discounted commercial paper. [1/3 definitions]
rediscount rate the rate of interest a member bank pays to borrow money from the Federal Reserve Bank, using top grade commercial paper as collateral.