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Discount   /dɪskˈaʊnt/  /dˈɪskaʊnt/   Listen
noun
Discount  n.  
1.
A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.
2.
A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
3.
The rate of interest charged in discounting.
At a discount, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated.
Bank discount, a sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it become due.
Discount broker, one who makes a business of discounting commercial paper; a bill broker.
Discount day, a particular day of the week when a bank discounts bills.
True discount, the interest which, added to a principal, will equal the face of a note when it becomes due. The principal yielding this interest is the present value of the note.



verb
Discount  v. t.  (past & past part. discounted; pres. part. discounting)  
1.
To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.
2.
To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange. "Discount only unexceptionable paper."
3.
To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
4.
To leave out of account; to take no notice of. (R.) "Of the three opinions (I discount Brown's)."



Discount  v. i.  To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.






Collaborative International Dictionary of English 0.48








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"Discount" Quotes from Famous Books



... There was, evidently, a great disappointment at not getting money from England. That they want, is certain; nor do the ministers, I believe, know how to get it. Their paper money is at forty per cent. discount. I long ago told the queen, I did not think Mr. Pitt would go to parliament, and ask money of the country, in the present moment; that, if England saw every exertion made, in this country, to save themselves, John Bull was never backward in supporting his friends in ...
— The Life of the Right Honourable Horatio Lord Viscount Nelson, Vol. I (of 2) • James Harrison

... I take the liberty of proposing to you confidentially. This country wants money in its treasury. Some individuals have proposed to buy our debt of twenty-four millions at a considerable discount. I have informed Congress of it, and suggested to them the expediency of borrowing this sum in Holland, if possible, as well to prevent loss to this country as to draw all their money transactions to one point. But could they borrow the money in Holland? I would ...
— The Writings of Thomas Jefferson - Library Edition - Vol. 6 (of 20) • Thomas Jefferson

... narrowing influence was his promise to his mother that he would read nothing proscribed by the Church. Of Bible criticism, therefore, he might know nothing. For original investigation of authorities there was neither permission nor opportunity. He was taught to discount historical criticism, and to regard anarchy as the logical result of independence of thought. He was likewise impressed with the fact that he must not question the official acts ...
— Carmen Ariza • Charles Francis Stocking

... I say it with pride, the bank, which was on the point of losing its credit, and threatened bankruptcy every moment,—as on the day of the departure of my august father, Don John VI., there only remained the sum of two hundred contos in money,—to discount its bills, to re-establish its credit so completely, that no one can imagine that it can ever fall again into the wretched state to which it had been reduced. The public treasury, which, on account of the extraordinary expenses which should have been borne in common by all the provinces, but which ...
— Journal of a Voyage to Brazil - And Residence There During Part of the Years 1821, 1822, 1823 • Maria Graham

... do you do? Why, you go to a bank, and if the company's good the bank will discount your check—one, two, three, or five per cent. Your time amounts to $60, less board. The bank gives you, instead of $60, $57, which means that you put in one hard day's work to ...
— Blue Goose • Frank Lewis Nason


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