discount

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Related to discounts: deals, Coupons

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 ?
Click on the "Buy Online" link to receive your discount.
The Tax Court rejected Westpac's position that the amounts should be treated as trade discounts under Regs.
Lack of marketability discounts can range from 5 to 40%.
RIA has been TEI's exclusive affinity partner for tax research for almost a decade, having previously worked with the Institute to provide significant discounts to TEI members.
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.
Here are some of the many benefits, services, discounts and other savings available to members:
Those who meet the income requirement will not only get whatever discounts the card offers (which apply regardless of income), but also will have their card programmed with $600 per year credit to buy prescription drugs; the Medicare card will work like a debit card, but for prescriptions only.
The giant municipal utility fails to take advantage of discounts on 98 percent of the nearly $900 million worth of contracts it doles out annually, according to northeast San Fernando Valley Councilman Tony Cardenas, whose motion for a full report was backed by East Valley Councilwoman Wendy Greuel and Northwest Valley Councilman Greig Smith.
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.
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.
In an attempt to attract and retain members, health insurers are beginning to offer coverage or discounts for services that traditionally have not been covered.