Definition of Discaunt
Dis"count` (?; 277), v. t.
[imp. & p. p. Discounted; p. pr. &
vb. n. Discounting.] [OF. desconter,
descompter, to deduct, F. décompter to discount;
pref. des- (L. dis-) + conter, compter.
See Count, v.] 1. 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.
2. To lend money upon, deducting the discount
or allowance for interest; as, the banks discount notes and
bills of exchange.
Discount only unexceptionable
paper. Walsh.
3. To take into consideration beforehand; to
anticipate and form conclusions concerning (an event).
4. To leave out of account; to take no notice
of. [R.]
Of the three opinions (I discount
Brown's). Sir W. Hamilton.
Dis"count` (?; 277), v. i. To
lend, or make a practice of lending, money, abating the discount; as,
the discount for sixty or ninety days.
Dis"count` (?), n. [Cf. F.
décompte. See Discount, v. t.]
1. 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.
2. A deduction made for interest, in
advancing money upon, or purchasing, a bill or note not due; payment
in advance of interest upon money.
3. The rate of interest charged in
discounting.
At a discount, below par, or below the
nominal value; hence, colloquially, out of favor; poorly esteemed;
depreciated. -- Bank discount, a sum equal
to the interest at a given rate on the principal (face) of a bill or
note from the time of discounting until it become due. --
Discount broker, one who makes a business of
discounting commercial paper; a bill broker. -- Discount
day, a particular day of the week when a bank discounts
bills. -- True discount, the interest
which, added to a principal, will equal the face of a note when it
becomes due. The principal yielding this interest is the present
value of the note.
- Webster's Unabridged Dictionary (1913)
- 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.
- To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
- To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
- To leave out of account; to take no notice of.
- To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
- A reduction in price.
- A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
- The rate of interest charged in discounting.
- Of goods, available at reduced prices; discounted.
This store specializes in discount wares.
- Of a store, specializing in goods at reduced prices.
If you're looking for cheap clothes, there's a discount clothier around the corner.
- The Nuttall Encyclopedia
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The correct Spelling of this word is: Discount
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