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Discount - Dictionary Definition and Overview |
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Discount : (noun)
1: the act of reducing the selling price of merchandise [syn: price
reduction, deduction]
2: interest on an annual basis deducted in advance on a loan
[syn: discount rate, bank discount]
3: a refund of some fraction of the amount paid [syn: rebate]
4: an amount or percentage deducted [syn: deduction]
(verb)
1: bar from attention or consideration; "She dismissed his
advances" [syn: dismiss, disregard, brush aside, brush
off, push aside, ignore]
2: give a reduction in price on; "I never discount these
books-they sell like hot cakes"
Based on WordNet 2.0
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Discount : \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.
Based on Webster's Revised Unabridged Dictionary
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Discount : \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.
Based on Webster's Revised Unabridged Dictionary
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Discount : \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.
Based on Webster's Revised Unabridged Dictionary
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DISCOUNT, practice. A set off, or defalcation in an action. Vin. Ab. h.t.
DISCOUNT, contracts. An allowance made upon prompt payment in the purchase
of goods; it is also the interest allowed in advancing money upon bills of
exchange, or other negotiable securities due at a future time And to
discount, signifies the act of buying a bill of exchange, or promissory note
for a less sum than that which upon its face, is payable.
2. Among merchants, the term used when a bill of exchange is
transferred, is, that the bill is sold, and not that it is discounted. See
Poth. De l'Usure, n. 128 3 Pet. R. 40.
Based on Webster's Revised Unabridged Dictionary (1913)
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Example Usage of Discount |
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nfl411: Discount tickets for every BIG game at VividSeats.com http://bit.ly/6KR9ix #ad |
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chamberlynmarks: We just bought over $120 of groceries for $33. I love coupons and Discount clubs! |
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uzziedaman: The hilton staff Discount site is weird. Its giving me cheap twin bed rooms when i say 1 guest, but not 2 guests. Why would 1 person need 2? |
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