discount market

Show Summary Details

Quick Reference

In the UK, the part of the money market consisting of banks, discount houses, and bill brokers. By borrowing money at short notice from commercial banks or discount houses, bill brokers are able to discount bills of exchange, especially Treasury bills, and make a profit.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.