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discount
discount definition
dis·count (dis′ko̵unt′; for v., also dis ko̵unt′)
noun
- a reduction from a usual or list price
- a deduction from a debt, allowed for paying promptly or in cash
- the interest deducted in advance by one who buys, or lends money on, a bill of exchange, promissory note, etc.
- the rate of interest charged for discounting a bill, note, etc.
- a discounting, as of a bill, note, etc.
Etymology: < OFr desconter, to count off < ML discomputare: see dis- & compute
transitive verb
- to pay or receive the present value of (a bill of exchange, promissory note, etc.), minus a deduction to cover interest for the purchaser
- to deduct an amount or percent from (a bill, price, etc.)
- to sell at less than the regular price
- to take (a story, statement, opinion, etc.) at less than face value, allowing for exaggeration, bias, etc.
- to disbelieve or disregard entirely; set aside as inaccurate or irrelevant
- to lessen the effect of by anticipating; reckon with in advance
intransitive verb
to lend or sell with discounts
discount Idioms
at a discount
- below the regular price; below face value
- worth little; unwanted and easily obtained
Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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