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banker's dozen

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.

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.
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Submitted on July 07, 2010

Additional definitions for 'banker's dozen':

banker's dozenEleven
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Nearby phrases

Some more phrases from our dictionary similar to banker's dozen

Baker's Dozensix of one, half dozen of anotherbaker's dozendecimal dozensix of one, half a dozen of the otherDime a Dozenexcuses are a dime a dozenhalf a dozenbakers dozenbaker's half dozencheaper by the dozentwenty to the dozena dime a dozendime a dozen

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