discount; bill discounting
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesverb
to discount (a bill or note); to cash a commercial instrument before maturity with interest deducted
technicalA specialized banking term describing the process of converting a time draft, promissory note, or bill of exchange into immediate cash. The bank deducts a discount (interest) calculated from the date of transaction to the maturity date.
Gōng公
sī司
jiāng将
wèi未
dào到
qī期
de的
shāng商
yè业
huì汇
piào票
ná拿
dào到
yín银
háng行
tiē贴
xiàn现
，
yǐ以
huò获
dé得
liú流
dòng动
zī资
jīn金
。
The company discounted the unmatured commercial draft at the bank to obtain working capital.
Yāng央
háng行
shàng上
tiáo调
le了
zài再
tiē贴
xiàn现
lǜ率
，
yǐ以
shōu收
jǐn紧
shì市
chǎng场
liú流
dòng动
xìng性
。
The central bank raised the rediscount rate to tighten market liquidity.
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Zhè这
bǐ笔
piào票
jù据
hái还
yǒu有
sān三
gè个
yuè月
cái才
dào到
qī期
，
rú如
guǒ果
jí急
xū需
yòng用
qián钱
，
zhǐ只
néng能
xuǎn选
zé择
tiē贴
xiàn现
。
This instrument doesn't mature for another three months; if cash is urgently needed, discounting is the only option.