Purchase of a post-dated bill of exchange or promissory note by a Bank by means of deducting non-accrued interest in advance shall be called a discount.

银行对远期汇票或本票，以折扣方式预收利息而购入者，谓贴现。

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Paper Market is a basic money market, main including commercial bill of exchange market, promissory note market and other short-term bond market.

票据市场是基础性的货币市场，主要包括商业汇票市场、商业本票市场及其他短期债券市场。

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By early 1996 they had found an ingenious way to keep a creaky unpaid bill off the past-due ledger: Turn it into a promissory note.

FORBES: Magazine Article