Meanings of bank discount in English

This is called bank discount and its rate is variable, depending on the abundance or scarcity of money.

In computing bank discount, his skill is based on ability to employ his previous experience with percentage and the fundamental processes of arithmetic.

The most bashful will be able to blurt out, 'Poles massacred,' 'Famine in Ireland,' 'Feast at the Mansion House,' 'Collision at Croydon,' ' Bank discount eleven.'

A bank discounts commercial paper when it loans an individual, say, $980, on the security of a $1000 promissory note.