Discount
['dɪskaʊnt] or [dɪs'kaʊnt]
Definition
(noun.) the act of reducing the selling price of merchandise.
(verb.) give a reduction in price on; 'I never discount these books-they sell like hot cakes'.
Editor: Lorna--From WordNet
Definition
(v.) To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.
(v.) To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
(v.) To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
(v.) To leave out of account; to take no notice of.
(v. i.) To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
(v. t.) A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.
(v. t.) A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
(v. t.) The rate of interest charged in discounting.
Checked by Edwin
Synonyms and Synonymous
n. Allowance, deduction, reduction, drawback, abatement, rebate.
Checked by Brett
Definition
n. a sum taken from the reckoning: a sum returned to the payer of an account: a deduction made for interest in advancing money on a bill.—v.t. Discount′ to allow discount: to advance money on deducting discount: to put a reduced value on as in an extravagant statement or fabulous story.—v.i. to practise discounting.—adj. Discount′able.—ns. Dis′count-brok′er one who cashes notes or bills of exchange at a discount; Discount′er.—At a discount below par: not sought after: superfluous: depreciated in value.
Inputed by Errol
Unserious Contents or Definition
Something often sold in place of goods.
Edited by Arnold
Examples
- A merchant, without over-trading, may frequently have occasion for a sum of ready money, even when he has no bills to discount. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- I bought wholesale and at a low price, and permitted the wives of the engineers and trainmen to have the benefit of the discount. Frank Lewis Dyer. Edison, His Life and Inventions.
- I simply said, If you call this camping out, all right--but it isn't the style I am used to; my little baggage that I brought along is at a discount. Mark Twain. The Innocents Abroad.
- He could buy 'em at so much a gross with a cash discount, and he did it before ever they signed on. Arthur Conan Doyle. The Memoirs of Sherlock Holmes.
- Watch-guards and toasting-forks were alike at a discount, and pencil-cases and sponges were a drug in the market. Charles Dickens. The Pickwick Papers.
- The son was alive then, and the daughter was at a discount. George Eliot. Middlemarch.
- I have tried to get this statement off at par here, but with no success; so I have been obliged to negotiate it at fifty percent discount. Mark Twain. The Innocents Abroad.
- Such a vocational education inevitably discounts the scientific and historic human connections of the materials and processes dealt with. John Dewey. Democracy and Education.
- It was wonderful to hear him talk about millions, and agios, and discounts, and what Rothschild was doing, and Baring Brothers. William Makepeace Thackeray. Vanity Fair.
- I got a letter to Mr. Stillman; and went over and told him I wanted to open an account and get some loans and discounts. Frank Lewis Dyer. Edison, His Life and Inventions.
- This third bill was made payable to the order of C, who, as soon as it was accepted, discounted it in the same manner with some banker in London. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- There is much in the wording of this passage which is irrelevant to our point and which must be discounted to make it clear. John Dewey. Democracy and Education.
- Oh, well--that's discounted, isn't it? Edith Wharton. The Age of Innocence.
- With regard to the latter, it seems to have made scarce any distinction between real and circulating bills, but to have discounted all equally. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- This bank was more liberal than any other had ever been, both in granting cash-accounts, and in discounting bills of exchange. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- By its liberality in granting cash-accounts, and in discounting bills of exchange, it, no doubt, issued great quantities of its bank notes. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The discounting line is his line principally, and he's what you may call a dealer in bills. Charles Dickens. Bleak House.
Checker: Wyatt