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
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.'
