discount house
discount store
discounter
wholesale house

The discount houses are unique to the British monetary system.

The balance sheet of the discount houses is shown in Table 6.1.

Money at call and short notice with the discount houses.

The discount houses, as a result, may themselves become short of liquid assets.

The banks might then be obliged to call in money from the discount houses.

If the price asked by the discount houses is thought to be too high, the Bank will refuse to purchase them.

In such trades, the discount houses may not always be less costly.

In addition many banks will have money market loans at call with discount houses.

In both ways, the shortage ends up with the discount houses.

Now the price has fallen and future purchases by discount houses will be at the new, lower rate.