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Definition of discount:

  1. 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.
  2. A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
  3. The rate of interest charged in discounting.
  4. 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.
  5. To leave out of account; to take no notice of.
  6. To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
  7. To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
  8. To take into consideration beforehand; to anticipate and form conclusions concerning ( an event).


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