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

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 ?
AICPA members receive discounts on all Dell product lines.
Those who meet the income requirement will not only get whatever discounts the card offers (which apply regardless of income), but also will have their card programmed with $600 per year credit to buy prescription drugs; the Medicare card will work like a debit card, but for prescriptions only.
To determine whether you qualify for these discounts, it may be necessary to talk to an agent or call 800-AAA-MICH (222-6424).
The discounts ultimately applied by the court to the various gifts were determined in one of three ways depending on the particular partnership and the gift's size.
Click on the "Buy Online" link to receive your discount.
The Tax Court rejected Westpac's position that the amounts should be treated as trade discounts under Regs.
Lack of marketability discounts can range from 5 to 40%.
The affinity agreement guarantees TEI members significant discounts on both new and renewal subscriptions.
Reasonable in theory, valuation discounts sparked IRS scrutiny--and for good reason.
The Los Angeles Department of Water and Power misses out on millions of dollars of savings by not paying bills on contracts quickly enough to get discounts, three Los Angeles City Council members said Wednesday.
Popular hotel franchises are offering lodging discounts for DAV members.
In some states, there were actually laws against giving tuition discounts," he points out, "and since they were given anyway, it really had to be covered up, so people were unwilling to talk about it in public.