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Discount |
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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, 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.
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Airports with discounters often feature lower fares. All-in-one retailers like Macy's, Sears, and Bloomingdale's are expected to gain shoppers this season while discounters and catalogs lose them. The company subsequently upped its policing of counterfeit merchandise by visiting more retailers, and later identified fakes in the other discounter stores, prompting the flurry of lawsuits, Heimbold said. |
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