Advertising

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.

 
 Embedded terms in definition
 Treasury bill
Yield
 
 Related Terms
 

<< Bank collection float Bank draft >>

What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

I am not a has-been. I am a will be. - Lauren Bacall

Advertising



Copyright 2009-2017 GVC. All rights reserved.