Discount

Definition of Discount

Dis´count`
v. t.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.
[imp. & p. p. Discounted; p. pr. & vb. n. Discounting.]
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.
- Walsh.
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.
Of the three opinions (I discount Brown's).
- Sir W. Hamilton.
v. i.1.To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
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.

Related Words

abate, abatement, abjure, abuse, admit, admit exceptions, allow, allow for, allowance, bate, belittle, blink at, borrow, brush aside, brush off, charge off, chuck, chuck out, concede, consider, consider the circumstances, consider the source, contemn, contradict, cut, decline, deduct, deduction, deny, depreciate, derogate, despise, detract from, diminish, disapprove, discard, disclaim, discount notes, disdain, dismiss, disown, disparage, dispraise, disregard, draw back, except, exclude, fail, forget, forswear, gloss over, grant, ignore, kick back, knock off, lend, lessen, lift temporarily, lower, make allowance, make allowance for, mark down, minimize, omit, overlook, overpass, pass by, pass over, pass up, provide for, push aside, rebate, rebuff, recant, reduce, reduction, refund, refuse, refuse to consider, reject, relax, relax the condition, renounce, repel, repudiate, repulse, scout, set aside, shave, shove away, slight, spurn, subtract, subtraction, take, take a premium, take account of, take away, take into account, take into consideration, take off, take out, throw away, throw out, turn away, turn out, waive, write off
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Discontinue
Discontinuee
Discontinuer
Discontinuity
Discontinuor
Discontinuous
Discontinuous function
Disconvenience
Disconvenient
Discophora
Discord
Discordable
Discordance
Discordant
Discordful
Discordous
Discorporate
Discorrespondent
Discost
Discounsel
-Discount-
Discount broker
Discount day
Discountable
Discountenance
Discountenancer
Discounter
Discourage
Discourageable
Discouragement
Discourager
Discouraging
Discoure
Discourse
Discourser
Discoursive
Discourteous
Discourtesy
Discourtship
Discous
Discovenant
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