banker's dozen

banker's dozen

One less than a dozen, i.e., 11. A play on "a baker's dozen" (13 rather than 12), it refers to lending in which interest is deducted at the time of the loan, therefore yielding less than what the loan actually stipulated. A soccer team has a banker's dozen players on the field at any given time.
See also: dozen
References in periodicals archive ?
Banker's Dozen (David Mershon) - Based on the forgotten occult writings of a Nobel prize winning economist, Banker's Dozen is a game about time traveling financiers.
Currently offering 13 software packages that work in conjunction with each other, the Banker's Dozen includes: The Loan Finder ($750), The Credit Reporter ($395), The Loan Handler ($2,000), The Loan Reporter ($750), The Loan Tracker ($1,000), The Loan Phone ($2,000), The Loan Accountant ($2,000), The Loan Closer ($2,500), The Loan Seller ($2,000), The Loan Servicer ($6,000), Softforms ($500), The FAX Reporter ($N/A) and The Phone Attendant ($N/A).
From The Banker's Dozen series, Contour Software provided The Loan Handler module for evaluation.
Like all of the modules in the Banker's Dozen series, The Loan Handler is menu-driven and user-friendly.
Just as 13 is a baker's dozen, FINANCIAL CRUNCH has coined 11 a banker's dozen.