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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. |
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