In older documents, an institution that buys (discounts; discounts, realizes) bills of exchange, especially before the maturity date, deducting interest for the time remaining until maturity. – See discount, discount house.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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