This is called bankdiscount and its rate is variable, depending on the abundance or scarcity of money.
2
In computing bankdiscount, his skill is based on ability to employ his previous experience with percentage and the fundamental processes of arithmetic.
3
The most bashful will be able to blurt out, 'Poles massacred,' 'Famine in Ireland,' 'Feast at the Mansion House,' 'Collision at Croydon,' ' Bankdiscount eleven.'
4
A bankdiscounts commercial paper when it loans an individual, say, $980, on the security of a $1000 promissory note.