discount house


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discount house

  1. a financial institution (unique to the UK financial system) which specializes in the buying and selling of commercial BILLS OF EXCHANGE and government TREASURY BILLS. See DISCOUNT MARKET.
  2. RETAILERS who sell products at low prices by bulk buying, accepting low margins and selling high volumes.

discount house

a financial institution (unique to the UK financial system) that specializes in the buying and selling of short-dated commercial BILLS OF EXCHANGE and government TREASURY BILLS in the DISCOUNT MARKET. They make their profit by borrowing money short-term from COMMERCIAL BANKS (CALL MONEY) and lending money for longer periods (up to three months), the small differential in interest rates between their short-term borrowing and longer-term lending constituting their profit. See TENDER ISSUE.
References in periodicals archive ?
Wal-Mart and other big discount houses sometimes seem unbeatable to small-town rural stores.
Discount houses are specialized institutions that operate in sterling money markets and that, historically, have served as an intermediary between the Bank of England and the settlement banks.
Many discount houses offer recycled toner cartridges at large savings.
* The banking sector is comprised of 9 commercial banks, 4 microfinance banks, one development bank, one cooperative bank, one discount house and one mortgage bank.
8:51 p.m.: Main Street, door found ajar at Discount House of Wallpaper.
25 March 2010 - South African Global Credit Rating (GCR) removed from "positive" outlook while keeping the domestic currency ratings of A and A1 in the respective long- and short-term of Nigerian bank Kakawa Discount House Ltd.
Caldor had its start in 1951, when newlyweds Carl and Dorothy Bennett opened what was then known as a discount house. The store was situated in a 1,500-square-foot loft in a little building on the main square of Port Chester, N.Y.
Maybank's other subsidiaries include a discount house, securities firm, a life insurer and a merchant bank.
When was the last time you saw the clerk of a discount house fletching arrows?
I had a choice of making the purchase online, from a big national discount house or from a local family-owned business right here in town.
Not only is the chain preeminent in such basic discount house product categories as apparel and electronics, but it is also surprisingly strong in categories long believed to be the exclusive domain of other retailers.
Closing down the money market operations of the discount house Gerrard & King released pounds 60 million of capital, Mr Levett added.