discount

discount or discount rate [dis′kount΄; ] for v., also [ dis kount′]

n.

[< OFr desconter, to count off < ML discomputare: see DIS- & COMPUTE]

1.

a) a reduction from a usual or list price

b) a deduction from a debt, allowed for paying promptly or in cash

2. the interest deducted in advance by one who buys, or lends money on, a bill of exchange, promissory note, etc.

3. the rate of interest charged for discounting a bill, note, etc.

4. a discounting, as of a bill, note, etc.

vt.

1. to pay or receive the present value of (a bill of exchange, promissory note, etc.), minus a deduction to cover interest for the purchaser

2. to deduct an amount or percent from (a bill, price, etc.)

3. to sell at less than the regular price

4.

a) to take (a story, statement, opinion, etc.) at less than face value, allowing for exaggeration, bias, etc.

b) to disbelieve or disregard entirely; set aside as inaccurate or irrelevant

5. to lessen the effect of by anticipating; reckon with in advance

vi.

to lend or sell with discounts

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at a discount

1. below the regular price; below face value

2. worth little; unwanted and easily obtained