discount house
An institution that specialises in discounting bills of exchange (bill of exchange), Treasury bills and government bonds. The Bank of England uses discount houses to counteract shortages of day-to-day credit. Discount houses act as an intermediary between the Bank of England and the banking system.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • discount house — ➔ house * * *    Term used in the UK to describe an institution acting as an intermediary between the Bank of England and the banking system. * * * discount house UK US noun [C] ► BANKING, FINANCE in the UK until the 1990s, a type of bank that… …   Financial and business terms

  • discount house — ☆ discount house or discount store n. a retail store that sells its goods for less than the regular or list prices …   English World dictionary

  • Discount House — Primarily operating in the United Kingdom, a firm that buys, sells, discounts and/or negotiates bills of exchange or promissory notes. This is generally performed on a large scale with transactions that also include government bonds and treasury… …   Investment dictionary

  • discount house — noun a sales outlet offering goods at a discounted price • Syn: ↑discount store, ↑discounter, ↑wholesale house • Derivationally related forms: ↑discount (for: ↑discounter) …   Useful english dictionary

  • discount house — 1) A company or bank on the discount market that specializes in discounting bills of exchange, especially Treasury bills 2) See discount store …   Big dictionary of business and management

  • discount house — /ˈdɪskaʊnt ˌhaʊs/ (say diskownt .hows) noun 1. the place of business of a discount broker. 2. Also, discount store. a store selling practically all its merchandise at a price often considerably below the usual or advertised retail price …   Australian English dictionary

  • discount house — 1. Also called discount store. a store that sells much of its merchandise at a price below the usual price. 2. Brit. See bill broker. [1945 50] * * * …   Universalium

  • Discount House — Diskonthaus. 1. Einzelhandel: ⇡ Discountgeschäft. 2. Bankwesen: Spezialbanken in Großbritannien, die sich hauptsächlich mit dem ⇡ Diskontgeschäft befassen. Sie bilden den sog. Discount Market (⇡ Diskontmarkt) …   Lexikon der Economics

  • discount house — noun 1》 Brit. a company that discounts bills of exchange. 2》 N. Amer. another term for discount store …   English new terms dictionary

  • discount house — A company or bank on the discount market that specializes in discounting bills of exchange, especially Treasury bills …   Accounting dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”