DISCOUNT

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Definitions

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.