See Also: Discount(finance)
discount(2)(dictionary)
discount(1)(dictionary)
Discount(money)
Discount payment(finance)
Discount period(finance)
Discount rate(finance)
Discount securities(finance)
Discount interest(finance)
Discount factor(finance)

discount(2) (iou)



discount verb trans. E17.
[French descompter (mod. decompter), in commercial senses prob. from Italian (di)scontare, both from medieval Latin discomputare, from Latin DIS- 2 + computare COMPUTE verb.]
I. Deduct or regard as deducted, esp. from a sum due. E17-E19.
Buy or sell (a bill of exchange) at a discount (DISCOUNT noun 3). L17.
Reduce (a price); reduce in price; esp. sell (goods) at a discount. M20.
II. fig.
Leave out of account as unimportant or irrelevant; allow for falsehood or exaggeration in (statements). E18.
C. J. Wills One learns to mentally discount the statements made by the natives. G. Greene He gave me..good advice which I was unwise enough to discount. W. Golding That was the least of the dangers..and one almost to be discounted.
Reduce the effect of (a possible future event or sensation) by taking it into account beforehand. Also, part with (a future good) for some present consideration. M19.
G. Brimley Discounting immortality for pottage.
di'scountable adjective that may be discounted; (of a period) within which a bill may be discounted: E19.
di'scounter noun (a) a person who discounts a bill; (b) a person engaged in discount trading: M18.