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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

    drag on
    to pass very slowly, to make something longer
    The speech was dragging on so we decided to leave early.



    1.
    Knowing that Renu had a good vocabulary, the teacher ...... her to ...... an essay for the inter school competition.

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