discount

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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, 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 classic literature ?
As for the apparently blameless beekeeping that was going on at the place where he lived, that was easily discounted.
They discounted their virtues, suspected their motives, decried their successes; were scandalized at their duplicity or were doubtful about their courage.
By calling (800) 3617585 and mentioning convention code CV070094 you may receive discounted rates of 5 to 15 percent.
Because an FLP typically places substantial restrictions on the sale or transfer of these interests--known as partnership units or shares--their value is discounted by between 20 and 50 percent for tax purposes.
Minimum discounted rates of 50% off transportation services are available for members moving to another state, with 2% in excess of the discount contributed to the DAV for programs benefiting disabled veterans and their families.
Last year was a disaster for retailers because they discounted too much,'' said Eugene Muscat, senior associate dean of the University of San Francisco's School of Business.
Among the affinity programs that made the grade and currently offer you discounted products or services are:
We're focusing on where we're going to compete tomorrow," said Bob Wadsworth, director of product management for Blue Shield of California, which offers discounted alternative-medicine programs.
Is the discounted price lower than the prices that the supplier offers to a buyer that: (i) generates a volume of business for the supplier that is the same or greater than the volume of Part A business generated by the PPS SNF, but (ii) does not have any potentially available Part B or other federal healthcare program business?
Some types of discounted debt instruments include corporate bonds, municipal bonds, certificates of deposit, stripped bonds, and collateralized debt obligations.
The employer estimates the current market value of the pension liability by finding the present value of the future cash flows discounted with this current market rate.
Section 473 removes a restriction on the "kinds and maturities" of notes, drafts, and bills of exchange that can be discounted for individuals, partnerships, and corporations under the authority of section 13(3).