Meaning of 'discount' (Webster Dictionary)
- 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.
- To lend money upon, deducting the discount or allowance
for interest; as, the banks discount notes and bills of exchange.
- To take into consideration beforehand; to anticipate and
form conclusions concerning (an event).
- To leave out of account; to take no notice of. - To lend, or make a practice of lending, money, abating
the discount; as, the discount for sixty or ninety days. - 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.
- 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.