discount house

Definitions (2)
Popular Terms
1. 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.
2. 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.

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