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 ?
New Benefits offers travel assistance, discounted pharmaceuticals, a nurse hot line, chiropractic, cosmetic surgery, vision care, dental care, plastic surgery and mental-health counseling by telephone.
The Tax Court concluded that the IRAs' FMVs could not be discounted, because the IRAs were not the proper assets to value for estate tax purposes.
A convenient pre-paid debit card to pay for discounted services at Aetna participating health care providers that accept Visa;
If the employer provides several levels of discounts, it reduces the current undiscounted price by the percentage discount at which it makes the greatest percentage of the discounted gross sales for the representative period, to arrive at the applicable discounted price.
Sunglasses and other accessories are discounted 20% off the retail price.
It has released a business plan with a host of projects in this area, has increased the emphasis on gift tax examinations in its examination plan, and has aggressively pursued issues in ongoing examinations, particularly in the area of discounted family limited partnerships (FLPs) and grantor retained annuity trusts (GRATs).
a UnitedHealth Group company, employees of NAHC member companies will soon have access to health care at discounted rates, receiving typical savings of 10 to 50 percent on a variety of health-related services.
12, 1995, the IRS has asserted that, for purposes of calculating inventory value under the dollar-value LIFO method, inventories purchased in bulk at discounted amounts are generally treated as separate items from goods purchased or produced subsequently.
html, find the vendor they want to use, fill out some basic information (including their Aetna account number), and immediately have access to the discounted rates.
If the employer offers property for sale at one or more discounted prices to customer groups, and sales at such discounted prices comprise at least 35% of the employer's gross sales for the representative period, that price is used in determining the amount of the employee discount.