discount


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Related to discount: discount rate

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.
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.
It was wonderful to hear him talk about millions, and agios, and discounts, and what Rothschild was doing, and Baring Brothers.
The report provides data, analyses and opinion to help companies in the Discount Retailers industry better understand the changes in their environment, seize opportunities and formulate crucial business strategies.
Enterprise Rent-A-Car is offering a 10 percent discount off their lowest retail rate at the time of booking to CFMTA- MTNA- RCM conference attendees in Toronto.
It stated that, to qualify as a discount under the regulations, an amount must arise contemporaneously with the purchase of specific goods.
The discount rate is normally determined using benchmarks derived from public market data.
The affinity agreement guarantees TEI members significant discounts on both new and renewal subscriptions.
Gladys' Outlet Discount was the most heavily damaged business.
Many FLPs of the last decade were thinly veiled estate tax evasion efforts, claiming unwarranted discount valuations of as much as 90 percent.