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.

Syn. — Disagreeing; incongruous; contradictory; repugnant; opposite; contrary; inconsistent; dissonant; harsh; jarring; irreconcilable.

Dis*cord"ant*ly, adv.Dis*cord"ant*ness, n. [R.]

(Dis*cord"ful) a. Full of discord; contentious. [Obs.] "His discordful dame." Spenser.

(Dis*cord"ous) a. Full of discord. [Obs.]

(Dis*cor"po*rate) a. Deprived of the privileges or form of a body corporate. [Obs.] Jas. II.

(Dis*cor`re*spond"ent) a. Incongruous. W. Montagu.

(Dis*cost") v. i. Same as Discoast. [Obs.]

(Dis*coun"sel) v. t. [Pref. dis- + counsel: cf. OF. desconseiller.] To dissuade. [Obs.] Spenser.

(Dis"count`) v. t. [imp. & p. p. Discounted; p. pr. & vb. n. Discounting.] [OF. desconter, descompter, to deduct, F. décompter to discount; pref. des- (L. dis-) + conter, compter. See Count, v.]

1. 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.

2. To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.

Discount only unexceptionable paper.

3. To take into consideration beforehand; to anticipate and form conclusions concerning

4. To leave out of account; to take no notice of. [R.]

Of the three opinions (I discount Brown's).
Sir W. Hamilton.

(Dis"count`) v. i. To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.

(Dis"count`) n. [Cf. F. décompte. 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.

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.

  By PanEris using Melati.

Previous chapter/page Back Home Email this Search Discuss Bookmark Next chapter/page
Copyright: All texts on Bibliomania are © Ltd, and may not be reproduced in any form without our written permission. See our FAQ for more details.