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Glossary   >   B   >   "Bank discount basis" Definition            Bank discount basis A convention used for quoting bids and offers for Treasury bills in terms of annualized yield, based on a 360-day year. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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