DISCOUNT

1. generally, deduction or subtracted sum from a cost or price. 2. interest deducted from an amount due when payment is made. 3. interest deducted in advance from the total amount of a loan. 4. an allowance given for the payment of a debt at any time before the due date. 5. the difference between the current face value of a security over its original cost. 6. the difference between the estimated future or maturing value of an investment or benefit and its present value. 7. a percentage deducted by a banker or broker for selling securities. 8. a promissory note purchased by a bank for less than its face value and then further discounted with another bank. 9. an allowance on the list price given by a wholesaler to members of his trade.

disbelieve or disregard entirely; set aside as inaccurate or irrelevant. —The Problems of Work Glossary Final approval 12.3.90