DISCOUNTS
Noun
discounts
plural of discount
Verb
discounts
Third-person singular simple present indicative form of discount
Source: Wiktionary
DISCOUNT
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