Source : Webster's Revised Unabridged Dictionary (1913)
Discount \Dis"count`\ (?; 277), v. i.
To lend, or make a practice of lending, money, abating the
discount; as, the discount for sixty or ninety days.
Discount \Dis"count`\, n. [Cf. F. d['e]compte. See {Discount},
v. t.]
1. A counting off or deduction made from a gross sum on any
account whatever; an allowance upon an account, debt,
demand, price asked, and the like; something taken or
deducted.
2. A deduction made for interest, in advancing money upon, or
purchasing, a bill or note not due; payment in advance of
interest upon money.
3. The rate of interest charged in discounting.
{At a discount}, below par, or below the nominal value;
hence, colloquially, out of favor; poorly esteemed;
depreciated.
{Bank discount}, a sum equal to the interest at a given rate
on the principal (face) of a bill or note from the time of
discounting until it become due.
{Discount broker}, one who makes a business of discounting
commercial paper; a bill broker.
{Discount day}, a particular day of the week when a bank
discounts bills.
{True discount}, the interest which, added to a principal,
will equal the face of a note when it becomes due. The
principal yielding this interest is the present value of
the note.
Discount \Dis"count`\ (?; 277), v. t. [imp. & p. p.
{Discounted}; p. pr. & vb. n. {Discounting}.] [OF. desconter,
descompter, to deduct, F. d['e]compter to discount; pref.
des- (L. dis-) + conter, compter. See {Count}, v.]
1. To deduct from an account, debt, charge, and the like; to
make an abatement of; as, merchants sometimes discount
five or six per cent for prompt payment of bills.
2. To lend money upon, deducting the discount or allowance
for interest; as, the banks discount notes and bills of
exchange.
Discount only unexceptionable paper. --Walsh.
3. To take into consideration beforehand; to anticipate and
form conclusions concerning (an event).
4. To leave out of account; to take no notice of. [R.]
Of the three opinions (I discount Brown's). --Sir W.
Hamilton.
Source : WordNet®
discount
n 1: the act of reducing the selling price of merchandise [syn: {price
reduction}, {deduction}]
2: interest on an annual basis deducted in advance on a loan
[syn: {discount rate}, {bank discount}]
3: a refund of some fraction of the amount paid [syn: {rebate}]
4: an amount or percentage deducted [syn: {deduction}]
discount
v 1: bar from attention or consideration; "She dismissed his
advances" [syn: {dismiss}, {disregard}, {brush aside}, {brush
off}, {push aside}, {ignore}]
2: give a reduction in price on; "I never discount these
books-they sell like hot cakes"