Definition of discount

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