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 ?
com, offers CalCPA members discounted rates on credit card processing enabling them to reduce costs when accepting credit card payments.
This year, the insurer is bringing discounted access to acupuncture, massage therapy and yoga therapy to its members though a network packaged by Consensus Health Corp.
Is the discounted rate less than what the reimbursement would be under the state Medicaid program?
First McGraw used 13 comparable REITs discounted at 9.
When using the DCF method, it's imperative that the discount rate and net cash flow being discounted are consistent.
11 (2005), the Tax Court considered for the first time whether IRAs could be discounted for estate tax purposes.
For living taxpayers seeking to use FLPs for discounted gifting, two recent Tax Court cases presented situations in which the court valued discounts to be applied to transferred limited partnership interests.