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discount |
Also found in: Medical, Legal, Financial, Acronyms, Wikipedia, Hutchinson | 0.04 sec. |
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discount, in banking and investment, fee for lending money, which the banker deducts from the loan when it is given. Thus, with a $1,000 loan at a 6% discount, the borrower receives $940 and repays $1,000. Unlike a discount, interest interest, charge for the use of credit or money, usually figured as a percentage of the principal and computed annually. Simple interest is computed annually on the principal. ..... Click the link for more information. is paid periodically. Central banks, as in the U.S. Federal Reserve System Federal Reserve System, central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly by the Banking Act of 1935, has remained substantially the same. ..... Click the link for more information. , charge a discount when lending notes to member banks. Such a fee is often called a rediscount. When bills of exchange are cashed in advance, a percentage is discounted from the price they would bring at maturity. When securities are sold at less than par, they are said to be sold at a discount. Trade discount is a deduction from the list price. Discounts from transportation rates are called rebates. Certain banks specializing in banks' and bankers' acceptances, U.S. Treasury certificates of indebtedness, U.S. bonds approaching maturity, U.S. Treasury bills, and other high-quality, short-term credit obligations call themselves discount corporations. discount 1. at a discount a. below the regular price b. (of share values) below par c. held in low regard; not sought after or valued 2. offering or selling at reduced prices How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Step Three (Column C): Multiply the cash flow in column A with the discount factor in column B to determine the net present value of each cash flow. The court applied a 12% discount on the grounds that (1) the IRS had effectively conceded that a discount factor of up to 12% would be appropriate and (2) the estate failed to prove that a figure greater than 12% would be appropriate. This are known as the discount factor and can be calculated using most spreadsheet applications. |
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