Definition for

discount


noun – An allowance or deduction, generally of so much per cent., made for prepayment or for prompt payment of a bill or account; a sum deducted, in consideration of cash payment, from the price of a thing usually sold on credit; any deduction from the customary price, or from a sum due or to be due at a future time.

noun – In finance, the rate per cent. deducted from the face value of a promissory note, bill of exchange, etc., when purchasing the privilege of collecting its amount at maturity.

noun – The act of discounting: as, a note is lodged in the bank for discount; the banks have suspended discounts.

noun – In billiards, an allowance made by a superior to an inferior player of a deduction of one count from his string for every count made by the latter.

To reckon off or deduct in settlement; make a reduction of: as, to discount 5 per cent. for cash payment of a bill.

To leave out of account; disregard.

In finance, to purchase, or pay the amount of in cash, less a certain rate per cent., as a promissory note, bill of exchange, etc., to be collected by the discounter or purchaser at maturity: as, to discount a bill or a claim at 7 per cent. Compare negotiate.

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