discount Meaning, Definition & Usage

noun the act of reducing the selling price of merchandise
deduction; price reduction.
noun interest on an annual basis deducted in advance on a loan
bank discount; discount rate.
noun a refund of some fraction of the amount paid
rebate.
noun an amount or percentage deducted
deduction.
verb bar from attention or consideration
dismiss; brush aside; brush off; ignore; push aside; disregard.
- She dismissed his advances
verb give a reduction in price on
- I never discount these books-they sell like hot cakes

OF. desconter, descompter, to deduct, F. décompter to discount; pref. des- (L. dis-) + conter, compter. See Count, v.

imperfect & past participle Discounted; present participle & verbal noun Discounting

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.
Discount only unexceptionable paper. Walsh.
To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
To leave out of account; to take no notice of. R.
Of the three opinions (I discount Brown's). Sir W. Hamilton.

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

Cf. F. décompte. See Discount, v. t.

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.