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Definitions for: Discount
[n] the act of reducing the selling price of merchandise
[n] an amount or percentage deducted
[n] a refund of some fraction of the amount paid
[n] interest on an annual basis deducted in advance on a loan
[v] bar from attention or consideration; "She dismissed his advances"
[v] give a discount on
Webster (1913) Definition: Dis"count` (?; 277), v. t. [imp. & p. p.
Discounted; p. pr. & vb. n. Discounting.] [OF. desconter,
descompter, to deduct, F. d['e]compter to discount; pref.
des- (L. dis-) + conter, compter. See Count, v.]
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. --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. [R.]
Of the three opinions (I discount Brown's). --Sir W.
Hamilton.
Dis"count` (?; 277), v. i.
To lend, or make a practice of lending, money, abating the
discount; as, the discount for sixty or ninety days.
Dis"count`, n. [Cf. F. d['e]compte. See Discount,
v. t.]
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.
Synonyms: bank discount, brush aside, brush off, deduction, deduction, discount rate, dismiss, disregard, ignore, price reduction, push aside, rebate
See Also: adjustment, allow, allowance, bank rate, cold-shoulder, decrease, diminution, discredit, disoblige, flout, interest rate, laugh away, laugh off, mark down, pass off, rate of interest, rebate, reduction, refund, reject, rent-rebate, scoff, slight, step-down, trade discount, turn a blind eye
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