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more about discounting
discounting |
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.
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