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Discount House

Definition:

A discount house refers to a financial institution that specializes in buying, selling, and discounting bills of exchange or short-term money market instruments.

Sense 1: Financial Institution

A discount house is a type of bank or financial institution that operates in the money market, primarily dealing with short-term lending, discounting, and trading of commercial papers.

Sample Sentence: The discount house facilitated the purchase of short-term securities for businesses needing immediate funding.

Sense 2: Retail Store

In a local context, a discount house can also refer to a retail store that offers goods at lower prices compared to traditional retail outlets.

Sample Sentence: I found a great deal on a new television at the local discount house.

Related Products:

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• Discount House Bills
• Short-Term Money Market Instruments
• Discount Retail Stores