discount


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Related to discount: discount rate

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, interestinterest,
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.
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 is paid periodically. Central banks, as in the U.S. Federal Reserve SystemFederal 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.
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, 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

[′dis‚kau̇nt]
(industrial engineering)
A reduction from the gross amount, price, or value.

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
References in periodicals archive ?
Air Canada has been selected as the official airline for the 2007 CFMTA-MTNA-RCM Collaborative Conference and is offering exclusive discounts through their Meetings and Conventions Travel Services program.
The Ninth Circuit concluded that Westpac did not get any richer when it received its volume discount in the form of up-front cash than Harry Homeowner did when he received the $400 from the furniture store.
Conversely, a minority discount, or discount for lack of control, could be applied when you are requesting the appraiser to value a non-controlling portion of the company, and the initial value is derived from comparison to controlling interests.
Under the affinity agreement, TEI members are eligible for new and renewal purchase discounts on all tax information products and services marketed under the RIA branded lines (RIA and Warren, Gorham & Lamont), as well as Carswell's CD-ROM, Web-based, and print products and the MicroMash on-line CPE courses.
The Fire Department estimated $110,000 in damage, mostly to Gladys' Outlet Discount, Wells said.
The FLP allowed them to utilize their gift exemption of $2 million to gift more assets to their children due to the valuation discount," she says.
AICPA members are eligible for discounts below Staples' standard discount pricing on paper, toner and other products that are most frequently used by accountants.
To be eligible for the new discount card you must be eligible for Medicare.
Popular hotel franchises are offering lodging discounts for DAV members.
In some states, there were actually laws against giving tuition discounts," he points out, "and since they were given anyway, it really had to be covered up, so people were unwilling to talk about it in public.
Discounts are available to you and your employees on a variety of theme parks and attractions, such as: Universal Studios, Knotts Berry Farm, Six Flags Magic Mountain and more.
The Federal Reserve Board also approved actions by the boards of directors of the Federal Reserve Banks of New York and San Francisco, decreasing the discount rate at the banks from 2 percent to 1 1/2 percent, effective immediately.