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discount rate

n.
1.the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System
2.interest on an annual basis deducted in advance on a loan

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    Idiom of the Day

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    this is the exact spot
    We looked at the map and saw that X marked the spot where the accident had taken place.



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    ___ he gets caught, he'll make a fortune.

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