DISCOUNT

discount, price reduction, deduction

(noun) the act of reducing the selling price of merchandise

deduction, discount

(noun) an amount or percentage deducted

rebate, discount

(noun) a refund of some fraction of the amount paid

dismiss, disregard, brush aside, brush off, discount, push aside, ignore

(verb) bar from attention or consideration; “She dismissed his advances”

discount

(verb) give a reduction in price on; “I never discount these books-they sell like hot cakes”

Source: WordNet® 3.1


Etymology

Verb

discount (third-person singular simple present discounts, present participle discounting, simple past and past participle discounted)

To deduct from an account, debt, charge, and the like.

To lend money upon, deducting the discount or allowance for interest

To take into consideration beforehand; to anticipate and form conclusions concerning (an event).

To leave out of account or regard as unimportant.

To lend, or make a practice of lending, money, abating the discount

(psychology, transactional analysis) To believe, or act as though one believes, that one's own feelings are more important than the reality of a situation.

Noun

discount (plural discounts)

A reduction in price.

(finance) A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.

The rate of interest charged in discounting.

(psychology, transactional analysis) The act of one who believes, or act as though they believe, that their own feelings are more important than the reality of a situation.

Synonyms

• (reduction in price): rebate, reduction

Antonyms

• surcharge

Adjective

discount (not comparable)

(of a, store) Specializing in selling goods at reduced prices.

Anagrams

• conduits, ductions, noctuids

Source: Wiktionary


Dis"count`, v. t. [imp. & p. p. Discounted; p. pr. & vb. n. Discounting.] Etym: [OF. desconter, descompter, to deduct, F. décompter 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.

Dis"count`, v. i.

Definition: To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.

Dis"count`, n. Etym: [Cf. F. décompte. 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.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

23 November 2024

THEORETICAL

(adjective) concerned primarily with theories or hypotheses rather than practical considerations; “theoretical science”


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Coffee Trivia

According to Guinness World Records, the most massive cup of coffee contained 22,739.14 liters and was created by Alcaldía Municipal de Chinchiná (Colombia) at Parque de Bolívar, Chinchiná, Caldas, Colombia, on 15 June 2019. Fifty people worked for more than a month to build this giant cup. The drink prepared was Arabic coffee.

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