The number eleven. – The expression derives from the fact that a bank deducts handling fees and interest in advance on a loan of twelve GE, and then pays out only eleven GE to the borrower (derived from the widespread method of lending, where the interest is deducted in advance, archetypically borrowing twelve MU and owing twelve MU back, a dozen, but actually receiving only eleven MU). – See discount, Zillmerung, interest calculation method, interest rate, accrued, interest rate, effective.
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