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discount

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discount

Reduction in the price of an item. For example, goods are discounted in price during a sale. Discounting is a form of competition used by companies to increase sales and market share. Discounts can also be given for buying in bulk, and this then becomes a source of economies of scale for the buying organization.

The term is also used to describe the equivalent present value of a sum payable or receivable in the future; for example, if the rate of interest is 5% and the sum of £105 is payable in a year's time, then its discounted present value is £100.



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? Mentioned in ? References in classic literature
 
What is the ruinous discount which Mordecai, the broker, gets from poor Woebegone, the bankrupt, on a loan to keep Woebegone's family from starvation; what is that ruinous discount but a Fast-Fish?
Moby Dick LXVIII-CXXXIV by Melville, Herman View in context
I actually entreated her to let me be of some use--as if I had been an old friend, with money enough in my pocket to discount the note myself.
A Rogue's Life by Collins, Wilkie View in context
His sisters had seen the family danger, and had never forgotten to discount the gold islets that raised them from the sea.
Howards End by Forster, E. M. View in context
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