Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The interest on a loan computed in advance and deducted at the time the loan is made.

from the GNU version of the Collaborative International Dictionary of English.

  • A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun interest on an annual basis deducted in advance on a loan

Etymologies

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Examples

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