discount

[ˈdɪskaʊnt]

discount Definition

• 1. a deduction from the usual cost of something, typically given for prompt or advance payment or to a special category of buyers
• 2. a 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

Synonyms for discount

• reduction
• deduction
• rebate
• allowance
• cut

Antonyms for discount

• markup
• surcharge

Phrases with discount

• discount rate

  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.

• discount store

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

  Example

  I always shop at the discount store to save money.

• discount broker

  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.'