discount market
Definition
UK's short-term money market comprising of banks, discount houses, and money brokers (called bill brokers) who discount bills of exchange (including treasury bills). Also called bill market, it is an important channel through which bank of England controls the amount of money in the financial system.
discount market is in the Banking, Commerce & Finance, Currency Trading and International Trade & Relations subjects.
discount market appears in the definition of the following term: bill market
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