Definify.com
Webster 1913 Edition
Discount
Dis′countˊ
(?; 277)
, Verb.
T.
[
imp. & p. p.
Discounted
; p. pr. & vb. n.
Discounting
.] [OF. ]
desconter
, descompter
, to deduct, F. décompter
to discount; pref. des-
(L. dis-
) + conter
, compter
. See Count
, Verb.
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 bills2.
To lend money upon, deducting the discount or allowance for interest;
as, the banks
. discount
notes and bills of exchangeDiscount
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′countˊ
(?; 277)
, Verb.
I.
To lend, or make a practice of lending, money, abating the discount;
as, the
. discount
for sixty or ninety days1.
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.
Webster 1828 Edition
Discount
DISCOUNT
,Noun.
1.
A sum deducted for prompt or advanced payment; an allowance or deduction from a sum due, or from a credit; a certain rate per cent deducted from the credit price of goods sold, on account of prompt payment; or any deduction from the customary price, or from a sum due or to be due at a future time. Thus the merchant who gives a credit of three months will deduct a certain rate per cent for payment in hand, and the holder of a note or bill of exchange will deduct a certain rate per cent of the amount of the note or bill for advanced payment, which deduction is called a discount.2.
Among bankers, the deduction of a sum for advanced payment; particularly, the deduction of the interest on a sum lent, at the time of lending. The discounts at banking institutions are usually the amount of legal interest paid by the borrower, and deducted from the sum borrowed, at the commencement of the credit.3.
The sum deducted or refunded; as, the discount was five per cent.4.
The act of discounting. A note is lodged in the bank for discount. The banks have suspended discounts.DISCOUNT
,Verb.
T.
1.
To deduct a certain sum or rate per cent from the principal sum. Merchants discount five or six per cent, for prompt or for advanced payment.2.
To lend or advance the amount of, deducting the interest or other rate per cent from the principal, at the time of the loan or advance. The banks discount notes and bills of exchange, on good security.The first rule--to discount only unexceptionable paper.
DISCOUNT
,Verb.
I.