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Discount rate
The interest rate that the federal_reserve_bank charges a bank to borrow funds when a bank is temporarily short of funds. Collateral is necessary to borrow, and such borrowing is quite limited because the Fed views it as a privilege to be used to meet short-term liquidity needs, and not a device to increase earnings. In context of NPV or PV calculations, the discount rate is the annual_percentage_rate applied. In the context of project financing, the discount rate is often the all_in interest rate or the interest rate plus margin.
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