banker's dozen

English

Etymology

A play on the phrase baker's dozen; it is one less than a dozen as compared to one more. See also bankers' hours.

Pronunciation
  • Audio (AU)(file)

Noun

banker's dozen

  1. (idiomatic, uncommon) Eleven
  2. (banking, finance, idiomatic) By analogy, a method of lending where the interest is deducted beforehand, archetypally borrowing twelve dollars (owing twelve dollars back, a dozen) but actually receiving only eleven.
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