bank discount basis

Fin
the expression of yield that is used for treasury bills, based on a 360-day year

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  • Bank Discount Basis — A quoting convention used by financial institutions when quoting prices for fixed income securities sold at a discount, particularly U.S. Government issues. The quote is presented as a percentage of face value, and is determined by discounting… …   Investment dictionary

  • Bank discount basis — A convention used for quoting bids and offers for treasury bills in terms of annualized yield , based on a 360 day year. The New York Times Financial Glossary …   Financial and business terms

  • bank discount basis — A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360 day year. Bloomberg Financial Dictionary …   Financial and business terms

  • bank discount — n. interest deducted in a lump sum by a bank from a loan when the loan is made: it is computed from the date of the loan to the date of the final payment on the basis of the original amount of the loan …   English World dictionary

  • bank discount — noun interest on an annual basis deducted in advance on a loan • Syn: ↑discount rate, ↑discount • Hypernyms: ↑interest rate, ↑rate of interest • Hyponyms: ↑bank rate …   Useful english dictionary

  • bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …   Universalium

  • discount rate — noun 1. the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System • Regions: ↑United States, ↑United States of America, ↑America, ↑the States, ↑US, ↑U.S., ↑USA, ↑ …   Useful english dictionary

  • Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha …   Wikipedia

  • Bank of Mongolia — Монголбанк Headquarters Ulaanbaatar, Mongolia Coordinates 47°55′12″N 106°54′44″E …   Wikipedia

  • Bank Negara Monetary Notes — (BNMN) are securities issued by Bank Negara Malaysia replacing the existing Bank Negara Bills (BNB) for purposes of managing liquidity in the conventional financial market. The maturity of these issuances has been lengthened from one year to… …   Wikipedia

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