Bank discount basis

Definition:

A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360-day year.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Manufacturing ISM Report on Business

A monthly report released by the Institute for Supply Management measuring growth in the manufacturing sector.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio