From Longman Business Dictionarydiscount houseˈdiscount ˌhouseBANKINGORGANIZATIONS in Britain until the 1990s, a specialist bank that borrowed from COMMERCIAL BANKs and used the money to buy TREASURY BILLs etc. These were bought by the Bank of England if the discount houses needed to repay commercial banks. Discount houses were therefore important in controlling the MONEY SUPPLY → house
