Bank Discount Rate

  

Categories: Banking, Regulations

See Bank Discount Basis.

Related or Semi-related Video

Finance: What is a Routing Number?20 Views

00:00

finance a la shmoop what is a routing number of a routing number is so that

00:09

wired monies can you know like find their way home yeah think of them like [maze game]

00:14

the smell of worm to Canadian geese when you write a check or wire money or do [worms and Canadian geese]

00:20

almost anything financial these days the dough is given a kind of custom [card getting swiped]

00:24

electronic signature and basically a number a big fat one like this one yeah

00:29

and the numbers mean specific things like on a paper check the routing of the

00:34

dough you're paying to Lana sim for um you know services rendered comes in two [breakdown of a check]

00:41

pieces there's a nine digit routing number aka our TN aka routing transit

00:48

number which is here and that number is then mapped to your specific account

00:53

number which is here why did you need this number why do you need it at all

00:58

well when you suddenly see an item on your bank statement for a payment of [bank statement document]

01:02

$350 to Yamaka supply limited and you're about as Jewish as the Pope well you may [Pope Francis in the Vatican]

01:09

want your bank to be able to track that sucker down because it was fraud on your

01:13

account I'd like to be able to prove that you were not in fact the one who

01:16

authorized that payment so your bank can refund you you know your hard-earned

01:21

cash all right there we go much better yeah I am

Up Next

Finance: What is a Savings & Loan v. a Bank?
187 Views

What is a savings & loan versus a bank? Hit play to find out.

Finance: What is the Process of a Bank Loaning Money?
107 Views

What is the process of a loan? Collateral. Do you have it? The bank lending you money wants to be sure that A) they get paid back, and B) they char...

Finance: What is the Student Loan Crisis?
24 Views

What is the student loan crisis? The student loan crisis describes the situation that faces our country; namely the fact that there is over a trill...

Finance: What is a CUSIP Number?
119 Views

What is a CUSIP Number? All publicly tradable equities and fixed income securities in North America have 9 digit ID code numbers that are registere...

Find other enlightening terms in Shmoop Finance Genius Bar(f)