Shelba

What Was a Discount House?

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Discount houses were institutions that provided loans to traders in the money markets. The loans were short-term and collateralized by the traders’ holdings of government securities. The discount rate was the rate of interest charged on these loans. What are acceptance and discount houses? An acceptance house is a firm that specializes in the business … Read more

Philanthropy Definition.

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Philanthropy definition, the love of humanity; benevolence toward or charity for mankind. See more. What is the etymology of the word philanthropy? The word philanthropy has its roots in the Greek word philanthrōpía, which can be translated as “love of humanity.” This word is made up of the two smaller words philo-, meaning “loving,” and … Read more