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 ?
Aside from the discounters, only Marks & Spencer (3.
Good Housekeeping consumer director Caroline Bloor said: "The current battle between the traditional supermarkets and the discounters is pulling prices down - and will continue to do so.
As the largest local discounter, Migros has recorded a resilient performance in 2009 with its Denner chain and is resisting successfully the onslaught of the newcomers Aldi and Lidl.
It is a true limited range discounter with features as follows:
Basically the discounters are interested in high consumption as well as convenience items.
research in March, which suggested 98% of existing shoppers were planning to do the same amount of shopping or more at discounters in the next 12 months.
That would provide a distinct advantage over the hard discounters.
If it was a surprise that the discounters had a wobble in the depths of economic gloom last year, it's an even greater one that amid record promotional activity by the supermarkets this year, they have bounced back.
While a toy store has room for a variety of products, discounters like Wal-Mart and Target offer only a few aisles.
The discounter, which has nearly 200 Canadian units, is expected to add about 20 stores a year, bringing its number of outlets in Canada to 250 to 300 in three to five years.
For hair care products nearly two-fifths (38%) of those surveyed head for a discounter, with 29% favoring specialty stores and 15% visiting drug stores.