At a discount
Discount Dis"count`, n. [Cf. F. d['e]compte. See {Discount}, v. t.] 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. [1913 Webster]

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. [1913 Webster]

3. The rate of interest charged in discounting. [1913 Webster]

{At a discount}, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated.

{Bank discount}, a sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it become due.

{Discount broker}, one who makes a business of discounting commercial paper; a bill broker.

{Discount day}, a particular day of the week when a bank discounts bills.

{True discount}, the interest which, added to a principal, will equal the face of a note when it becomes due. The principal yielding this interest is the present value of the note. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Discount — Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 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. [1913… …   The Collaborative International Dictionary of English

  • Discount broker — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 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.… …   The Collaborative International Dictionary of English

  • Discount day — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 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.… …   The Collaborative International Dictionary of English

  • discount — I. noun Date: 1622 1. a reduction made from the gross amount or value of something: as a. (1) a reduction made from a regular or list price (2) a proportionate deduction from a debt account usually made for cash or prompt payment b. a deduction… …   New Collegiate Dictionary

  • At par — Par Par, n. [L. par, adj., equal. See {Peer} an equal.] [1913 Webster] 1. Equal value; equality of nominal and actual value; the value expressed on the face or in the words of a certificate of value, as a bond or other commercial paper. [1913… …   The Collaborative International Dictionary of English

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