discount house definition

discount house

UK: Firm that buys and discounts bills of exchange, banker' acceptance, commercial paper, etc. Discount houses also tender for treasury bills, deal in short-dated government bonds, and are an important part of the short-term money markets. Also called bill broker.

US: Large retail store that offers consumer durables at heavily discounted prices, due to its bulk-buying power and bare minimum expenses on customer service.

discount house is in the Banking, Commerce & Finance subject.

discount house appears in the definitions of the following terms: money market, bill broker and discount market

This content can be found on the following page:

http://www.businessdictionary.com/definition/discount-house.html