Discount House


DEFINITION of 'Discount House'

Primarily operating in the United Kingdom, a firm that buys, sells, discounts and/or negotiates bills of exchange or promissory notes. This is generally performed on a large scale with transactions that also include government bonds and treasury bills.

Also called a bill broker.

In the United States, a discount house can refer to a large retail store that is able to offer consumer durables at discounted prices because of its ability to purchase in bulk and employ expense-controlling practices.

BREAKING DOWN 'Discount House'

A discount house is a money dealer that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government bonds and banker's acceptances.

  1. Promissory Note

    A financial instrument that contains a written promise by one ...
  2. Bill Of Exchange

    A non-interest-bearing written order used primarily in international ...
  3. Banker's Acceptance - BA

    A short-term debt instrument issued by a firm that is guaranteed ...
  4. Treasury Bill - T-Bill

    A short-term debt obligation backed by the U.S. government with ...
  5. Retail Sales

    An aggregated measure of the sales of retail goods over a stated ...
  6. Commercial Bank

    A financial institution that provides services, such as accepting ...
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