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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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Word of the Day

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  • Idiom of the Day

    make for (someone or somewhere)
    to go or start toward someone or somewhere
    When it began to get dark we decided to make for a quiet place to camp.



    1.
    The building had a long ________.

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