discount


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Related to discount: discount rate

discount

n. the payment of less than the full amount due on a promissory note or price for goods or services. Usually a discount is by agreement, and includes the common situation in which a holder of a long-term promissory note or material goods will sell it/them for less than face value in order to get cash now---the difference is the discount.

discount

noun abatement, allowance, amount deeucted, bargain, decessio, decrease, decrement, deductio, deduction, diminution, lower price, markdown, reduction, special price, subtraction
Associated concepts: discount a loan, discount bills, discount notes, trade discount

discount

(Disbelieve), verb be indifferent to, belittle, brush aside, decessio, deductio, depreciate, discredit, disdain, disesteem, disparage, disregard, distrust, doubt, gloss over, harbor suspicions, ignore, make light of, misprize, mistrust, pass over, pay no attention, pay no heed, pay no mind, question, slight, spurn, suspect

discount

(Minimize), verb abate, abbreviate, abridge, allay, attenuate, condense, curtail, deflate, detract, diminish, lessen, minimalize, pare, reduce, render less, scale down, shorten, underestimate, understate, undervalue

discount

(Reduce), verb abate, allow a margin, cut, decrease, deduct from, depreciate, detract, lower, lower the sale price, make allowance for, mark down, rebate, reeuce the mark-up, sell below par, slash prices, strike off, subduct, subtract, take from, take off, underprice, undersell, undervalue
See also: brokerage, deduct, deduction, depreciate, diminution, discredit, disparage, drawback, except, exclude, lessen, minimize, rebate, reduce, refund, reject

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.

References in periodicals archive ?
This report is the result of ICD Research's extensive market research covering the Discount Retailers market in Europe.
Amtrak National Railroad Passenger Corporation is offering a special discount to conference attendees travel ing to Toronto from March 20-March 30, 2007-10 percent savings on the lowest fare available at the time reservations are made.
In the example, Harry wants to buy some dining room chairs that a furniture store is offering at a 25% discount off the $2,000 regular price.
If the discount rate is derived from public market data, more often than not it is reflective of a minority interest and the value derived would be a minority interest.
RIA has been TEI's exclusive affinity partner for tax research for almost a decade, having previously worked with the Institute to provide significant discounts to TEI members.
said Janeth Gonzalez, whose family owns the Super Discount 99 Cent store, which is right next to Gladys' Outlet Discount.
Tax Court ruled that because a parent retained too much control over the property in an FLP the valuation discount did not apply, a finding that subjected 100 percent of the assets to estate tax.
AICPA members receive MasterCard/Visa discount rates as low as 1.
Note that the Medicare "transitional assistance" discount prescription card recently in the news is a temporary program, which will last 19 months.
Minimum discounted rates of 50% off transportation services are available for members moving to another state, with 2% in excess of the discount contributed to the DAV for programs benefiting disabled veterans and their families.
Combined with the enrollment arms race, it meant that schools had to further deepen the discount (to a current average of about 39 percent nationally), leaving fewer resources to spread around.
Although discount rates vary by state, CalCPA members who reside in California may qualify for a 25 percent reduction off GEICO's already low rates.