discount

[หˆdษชskaสŠnt]

discount Definition

  • 1a deduction from the usual cost of something, typically given for prompt or advance payment or to a special category of buyers
  • 2a percentage deducted from the face value of a bill of exchange or promissory note when it changes hands before the due date

Using discount: Examples

Take a moment to familiarize yourself with how "discount" can be used in various situations through the following examples!

  • Example

    The store is offering a 20% discount on all items this week.

  • Example

    I received a discount for paying in cash.

  • Example

    The bank charged a discount of 2% for the early payment of the loan.

discount Synonyms and Antonyms

Antonyms for discount

Phrases with discount

  • the interest rate at which banks can borrow money from the central bank

    Example

    The Federal Reserve lowered the discount rate to stimulate economic growth.

  • a retail store that sells products at lower prices than most other stores

    Example

    I always shop at the discount store to save money.

  • a stockbroker who carries out buy and sell orders at a reduced commission compared to a full-service broker

    Example

    I use a discount broker to save money on my stock trades.

Origins of discount

from Old French 'desconter', meaning 'reckon off'

๐Ÿ“Œ

Summary: discount in Brief

The term 'discount' [หˆdษชskaสŠnt] refers to a reduction in the usual cost of something, often given for prompt payment or to a special category of buyers. It can also refer to a percentage deducted from the face value of a bill of exchange or promissory note when it changes hands before the due date. Examples include 'The store is offering a 20% discount on all items this week.' and 'I received a discount for paying in cash.'

How do native speakers use this expression?