discount

American Heritage® Dictionary of the English Language, Fourth Edition

1. v. To deduct or subtract from a cost or price.
2. v. To purchase or sell (a bill, note, or other commercial paper) at a reduction equal to the amount of interest that will accumulate before it matures.
3. v. To lend money on (a commercial paper not immediately payable) after deducting the interest.
4. v. To sell or offer for sale at a reduced price.
5. v. To reduce in quantity or value.
6. v. To leave out of account as being untrustworthy or exaggerated; disregard: discount a rumor.
7. v. To underestimate the significance or effectiveness of; minimize: took care not to discount his wife's accomplishments.
8. v. To regard with doubt or disbelief.
9. v. To anticipate and make allowance for; reckon with in advance.
10. v. To lend money after deduction of interest.
11. n. A reduction from the full or standard amount of a price or debt.
12. n. The interest deducted prior to purchasing, selling, or lending a commercial paper; the discount rate.
13. n. The act or an instance of discounting a bill of exchange, note, or other commercial paper.

Century Dictionary and Cyclopedia

1. To reckon off or deduct in settlement; make a reduction of: as, to discount 5 per cent. for cash payment of a bill.
2. To leave out of account; disregard.
3. In finance, to purchase, or pay the amount of in cash, less a certain rate per cent., as a promissory note, bill of exchange, etc., to be collected by the discounter or purchaser at maturity: as, to discount a bill or a claim at 7 per cent. Compare negotiate.
4. Hence To make a deduction from; put a reduced estimate or valuation upon; make an allowance for exaggeration or excess in: as, to discount a braggart's story; to discount an improbable piece of news.
5. To reckon or act upon in advance; diminish by anticipation the interest, pleasure, etc., of; take for granted as going to happen: as, to discount one's future prospects; to discount the pleasure of a journey.
6. In billiards, to allow discount to: as, to discount an inferior player. See discount, n., 4.
7. n. An allowance or deduction, generally of so much per cent., made for prepayment or for prompt payment of a bill or account; a sum deducted, in consideration of cash payment, from the price of a thing usually sold on credit; any deduction from the customary price, or from a sum due or to be due at a future time.
8. n. In finance, the rate per cent. deducted from the face value of a promissory note, bill of exchange, etc., when purchasing the privilege of collecting its amount at maturity. Bank discount is simple interest paid in advance, and reckoned, not on the sum advanced in the purchase, but on the amount of the note or bill. This is the method recognized in business and in law. True discount is a technical term for the sum which would, if invested at the same rate, amount to the interest on the face value of the note or bill when due: thus, $5 is the bank discount at the rate of 5 per cent, on a bill drawn at twelve months for $100; while $4.7619 is the true discount, because that sum if invested at 5 per cent. would at the end of a year amount to $5. True discount may be found by multiplying the amount of a bill or note by the rate of discount and dividing by 100 increased by the rate; while bank discount is computed in the same manner as simple interest.
9. n. The act of discounting: as, a note is lodged in the bank for discount; the banks have suspended discounts.
10. n. In billiards, an allowance made by a superior to an inferior player of a deduction of one count from his string for every count made by the latter. A double discount deducts two counts for one; three discounts, three; and so on up to the grand discount, which deprives the player who discounts his opponent (gives the odds) of all prior counts whenever the latter makes a successful shot.

Wiktionary

1. 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.
2. v. To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
3. v. To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
4. v. To leave out of account; to take no notice of.
5. v. To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
6. n. A reduction in price.
7. n. A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
8. n. The rate of interest charged in discounting.
9. adj. Of goods, available at reduced prices; discounted.
10. adj. Of a store, specializing in goods at reduced prices.

GNU Webster's 1913

1. v. To deduct from an account, debt, charge, and the like; to make an abatement of.
2. v. To lend money upon, deducting the discount or allowance for interest.
3. v. To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
4. v. rare To leave out of account; to take no notice of.
5. v. To lend, or make a practice of lending, money, abating the discount.
6. n. 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.
7. n. A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
8. n. The rate of interest charged in discounting.

WordNet 3.0

1. n. a refund of some fraction of the amount paid
2. n. the act of reducing the selling price of merchandise
3. n. interest on an annual basis deducted in advance on a loan
4. v. give a reduction in price on
5. n. an amount or percentage deducted
6. v. bar from attention or consideration