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 periodicals archive ?
VALENCIA - In showing its softer side, Sears let itself get too soft, losing ground to both higher-end department stores and discounters like Target and Kohl's.
Hard discounters have already taken Europe by storm, and now experience rapid growth in the US as well.
CHRISTMAS dinner is set to cost less than last year, thanks to the rise of the discounters.
Joanne Denney-Finch, IGD chief executive, said: "Half of shoppers told us they used food discounters in the last month to buy some of their food and groceries, up from 37% in 2011.
IGD chief executive Joanne Denney-Finch said: "Half of shoppers told us they used food discounters in the last month to buy some of their food and groceries, up from 37 per cent in 2011.
Edeka successfully integrated Tengelmann's discounter chains, while Germany's fourth largest discounter Rewe has major expansion plans for its Penny Markt chain, especially in East German states.
You need to be very knowledgeable to work with a discounter who is probably just a voice on the other end of the telephone taking your order.
Most Remarkable Transformation: Barney's goes from Downtown discounter to uptown purveyor of chic.
The latest data from Kantar Worldpanel shows Aldi, Lidl and Iceland all racked up double-digit sales growth in tin past three months, and fellow discounter Farmfoods wasn't far behind with growth of 7.
It's a discounter, but it's a chic discounter,'' said Jack Kyser, chief economist for the Los Angeles County Economic Development Corp.