1 definition found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Discount \Dis"count`\ (?; 277), v. t. [imp. & p. p.
{Discounted}; p. pr & vb n. {Discounting}.] [OF. desconter,
descompter to deduct, F. d['e]compter 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. --Walsh.
3. To take into consideration beforehand; to anticipate and
form conclusions concerning (an event).
4. To leave out of account; to take no notice of [R.]
Of the three opinions (I discount Brown's). --Sir W.
Hamilton.
more about discounted
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