from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun idiomatic, uncommon
- noun banking, finance, idiomatic By analogy, a method of
lendingwhere the interest is deducted beforehand, archetypally borrowingtwelve dollars (owing twelve dollars back, a dozen) but actually receivingonly eleven.
from Wiktionary, Creative Commons Attribution/Share-Alike License
A play on the phrase baker's dozen; it is one less than a dozen as compared to one more.
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