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TeachMeFinance.com - explain Discount clerk historic definition... Discount clerk -- The particular duty of a discount clerk in a bank is to keep a record of and retain the custody of notes and drafts until their maturity, when thev are delivered to the note teller, who attends to the collection of the amounts due on them. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.