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.
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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.

References in periodicals archive ?

BMW Korea, the most competitive rival to Mercedes-Benz Korea, has discounted 17 million won on the 3 Series sedan and 3 Series Gran Turismo since February.

Mercedes, BMW wage price war against Volkswagen

Participants' evaluation of the discounted product (Cronbach's [alpha] = .87) and perceptual fluency (Cronbach's [alpha] = .97) were measured using the same scales as in Experiment 1.

How the perceptual fluency of price discounts and promotional cues affect consumer responses

Discount Locksmith LLC plans to continue expanding their discounted locksmith services nationwide and is actively seeking new locksmith partners across the US.

Discount Locksmith LLC Now Providing Mobile Locksmith Service in Springfield, Missouri

Availability of low or discounted rates doesn't mean the applicant can qualify.This is a big issue when the coverage is, say, life insurance, and the client has health and family history issues.

Do boomers want discounts or advice--or both?

Pacific Western's Airport Express is offering a discounted rate to attendees who purchase tickets online at www.torontoairportexpress.com.

Registration/travel information

Said another way, the value of a delayed reinforcer is discounted (reduced in value or considered to be worth less) compared to the value of an immediate reinforcer.

Understanding addiction as a pathology of temporal horizon

The cost of non-healthcare-related termination benefits for which the benefit terms establish an obligation to pay specific amounts on fixed or determinable dates should be measured at the discounted present value of expected future benefit payments (including an assumption regarding changes in future cost levels during the periods covered by the employer's commitment to provide the benefits).

Official releases: GASB No. 47

It quantifies your investment's attractiveness by measuring discounted net benefits (benefits minus future add-on costs) as a percentage of initial costs.

Calculating minds: using precise analytical measures, insurers can compare the costs and benefits of Business Process Integration, a new technology that promises to bring incompatible data systems together. (Technology: Cost Management)

Now, a small New Jersey company is trying to fill what it sees as a void -- discounted health care for part-time workers or employers too small to afford health insurance.

Coalition purchasing: pathway to real benefit performance. (Benefits)

Program participants purchase prescription drugs at a discounted price of approximately 80 percent of the prescription price.

Prescription drug benefits: the legal battle begins. (Health Policy Update)

* What specific drugs that you are taking would be discounted?

Lower-cost prescription drugs. (on call)

enjoy discounted fares on American and Continental Airlines, discounts of up to 25% on Avis and Budget rental cars, hotel discounts at all Choice Brand Hotels and Cendant Brand Hotels, dining discounts of up to 20% at 8,000 participating restaurants nationwide through IDine, as well as numerous other benefits including long distance service at 3.9 cents/minute, all day/every day.