discount


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Idioms, Wikipedia.
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.
..... Click the link for more information.
 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.
..... 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

[′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 ?
2006), rev'g TC Memo 2001-175, the Ninth Circuit addressed whether advance trade discounts are required to be included in income in the year of receipt.
A control premium can be converted to a minority discount by the formula: control premium/(1 + control premium).
TEI members with questions about the RIA discounts under the affinity program should contact their field sales force agent.
1) Anna Gonzalez, left, is consoled by a friend in front of the Super Discount 99 Cent store after the shop was damaged in a fire on Wednesday.
A recent Congressional Joint Committee on Taxation proposes curbing the use of the FLP "strategy" being "employed to manufacture discounts that do not reflect the economics of the transfers during life and after death.
This month, The CPA Letter Member Benefits feature describes the services and benefits that the Institute offers--from valuable information resources to discounts on products to special rates on insurance.
Note: "You cannot get the low-income benefits if you already have drug coverage from your current or former employer, Medicaid, the Federal Employee Health Benefits Program, Tricare, or the Veterans Administration" (quoted from "76 Things You Should Know about the New Medicare Discount Cards," Center for Medicare Rights, http://www.
DAV discounts include savings of 5%-15% on all car classes for daily, weekly, weekend, and monthly rentals in the U.
With so many schools offering discounts, says Davis, the playing field became level once again.
City, and Dallas, decreasing the discount rate at the banks from 2 percent to 1 1/2 percent, effective immediately.
How can we leverage discount arrangements for people who may still be paying out of pocket, but do credentialing on those services and help them to pay less?
The OIG responded that a large discount pursuant to a PPS contract could be a kickback, which would violate the federal Medicare and Medicaid fraud and anti-kickback statute.