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 periodicals archive ?
The effect of processing fluency and discount frequency on product evaluation (Experiment 2).
> The Indian Academy Dubai - Second child eligible for 10% discount. Subsequent members will get 25% discount.
The discount will also be extended to local air and sea transportation expenses as well as land transport fares.
Discount Locksmith LLC's launching of service in Springfield, Missouri is the newest mobile service location in their ongoing expansion efforts.
He said, "All the brands are offering upto 35% discount on dresses and other accessories due to Jashan-i-Azadi celebrations and we are expecting huge sale this year."
Phrases like "up to 20 percent off" don't mean you'll get the entire discount. You might be eligible for a certain discount, but not the maximum available.
The practice went viral when an Orlando, Fla., Christian music radio station uploaded a photo of a receipt with the discount to Facebook July 30.
Israel Discount Bank said on 11 September 2013 that it had decided to allow several interested buyers to perform due diligence on Discount Bankcorp and Discount Bank Latin America.
For both cardholders, 20% discount on diamond jewelry is meant, Visa Gold cardholders obtain 5%, Visa Infinite cardholders 10% discount for gold and silver jewelry and accessories in "Vitrage" store.
A rollover or exchange discount is a reduced sales charge that is offered to investors who use the termination or redemption proceeds from one UIT to purchase another UIT.
Under the '24X7 Badalta Discount Plan (DP)', customers will be able to avail a discount on their calls that ranges from 5% to as much as 60%, depending on their location and time at which they call.
Therefore, bonds may be bought at a discount because of a decline in value of the obligation after issue.