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 classic literature ?
I had to summon a good deal of courage to take a student who had been studying cube root and "banking and discount," and explain to him that the wisest thing for him to do first was thoroughly master the multiplication table.
His sisters had seen the family danger, and had never forgotten to discount the gold islets that raised them from the sea.
The money for two-thirds of the forest had all been spent already, and he had borrowed from the merchant in advance at ten per cent discount, almost all the remaining third.
He would be at five thousand per cent discount out at nurse making a mud pie at nine in the morning, and (being inquired for) would go up to five thousand per cent premium before noon.
Watch- guards and toasting-forks were alike at a discount, and pencil- cases and sponges were a drug in the market.
The Elite Values Program offers AICPA members exclusive offers and discounts from leading manufacturers and service providers.
But some health insurance today, even from major companies, has such bad drug coverage that patients may need to buy many of their prescriptions out of pocket despite the insurance, so the Medicare card discounts might be useful.
At AAA, a wide variety of rating discounts are available to qualified policyholders.
75% valuation discounts for each of several very large gifts of interests in passthrough entities he gave to family members.
Air Canada has been selected as the official airline for the 2007 CFMTA-MTNA-RCM Collaborative Conference and is offering exclusive discounts through their Meetings and Conventions Travel Services program.
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.
During the valuation of your casting facility, the business appraiser may apply discounts or premiums, depending on the circumstances.