Dictionary

1discount

noun dis·count \ˈdis-ˌkant\

: an amount taken off a regular price : a price reduction

Full Definition of DISCOUNT

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 made for interest in advancing money upon or purchasing a bill or note not due
2
:  the act or practice of discounting
3
:  a deduction taken or allowance made
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First Known Use of DISCOUNT

1622

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

2discount

verb dis·count \ˈdis-ˌkant, dis-ˈ\

: to lower the amount of (a bill, price, etc.)

: to lower the price of (a product)

: to think of (something) as having little importance or value

Full Definition of DISCOUNT

transitive verb
1
a :  to make a deduction from usually for cash or prompt payment <a discounted price>
b :  to sell or offer for sale at a discount <discounting last year's model>
2
:  to lend money on after deducting the discount
3
a :  to leave out of account :  disregard
b :  to minimize the importance of <shouldn't discount his contributions>
c (1) :  to make allowance for bias or exaggeration in
(2) :  to view with doubt <discount a rumor>
d :  to take into account (as a future event) in present calculations
intransitive verb
:  to give or make discounts
dis·count·er \-ˌkan-tər, -ˈkan-\ noun

Origin of DISCOUNT

modification of French décompter, from Old French desconter, from Medieval Latin discomputare, from Latin dis- + computare to count — more at count
First Known Use: 1629

3discount

adjective dis·count \ˈdis-ˌkant\

: selling goods or services at reduced prices

: offered or sold at a reduced price

: cheaper than usual

Full Definition of DISCOUNT

1
a :  selling goods or services at a discount <discount stores> <a discount broker> <discount airlines>
b :  offered or sold at a discount <discount tickets>
2
:  reflecting a discount <discount prices>

First Known Use of DISCOUNT

1863

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer
DISCOUNT Defined for Kids

1discount

noun dis·count \ˈdis-ˌkant\

Definition of DISCOUNT for Kids

:  an amount taken off a regular price

2discount

verb dis·count \ˈdis-ˌkant, dis-ˈkant\
dis·count·eddis·count·ing

Definition of DISCOUNT for Kids

1
:  to lower the amount of a bill, debt, or price
2
:  to think of as not important or serious <Don't discount her idea.>
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