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
Phrases with discount
Example
The Federal Reserve lowered the discount rate to stimulate economic growth.
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'
Summary: discount in Brief
The term 'discount' [ˈdɪskaʊnt] 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.'