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 bills.
Also called a bill broker.
In the United States, a discount house can refer to a large retail store that is able to offer consumer durables at discounted prices because of its ability to purchase in bulk and employ expense-controlling practices.
A discount house is a money dealer that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government bonds and banker’s acceptances.
Investment dictionary. Academic. 2012.
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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 — 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… … Law dictionary
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 — 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