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1828.mshaffer.com › Word [discount]
DISCOUNT, n. [See Count. Literally, a counting back or from.] 1. A sum deducted for prompt or advanced payment; an allowance or deduction from a sum due, or from a credit; a certain rate per cent deducted from the credit price of goods sold, on account of prompt payment; or any deduction from the customary price, or from a sum due or to be due at a future time. Thus the merchant who gives a credit of three months will deduct a certain rate per cent for payment in hand, and the holder of a note or bill of exchange will deduct a certain rate per cent of the amount of the note or bill for advanced payment, which deduction is called a discount.2. Among bankers, the deduction of a sum for advanced payment; particularly, the deduction of the interest on a sum lent, at the time of lending. The discounts at banking institutions are usually the amount of legal interest paid by the borrower, and deducted from the sum borrowed, at the commencement of the credit.3. The sum deducted or refunded; as, the discount was five per cent.4. The act of discounting. A note is lodged in the bank for discount. The banks have suspended discounts.DISCOUNT, v.t. 1. To deduct a certain sum or rate per cent from the principal sum. Merchants discount five or six per cent, for prompt or for advanced payment.2. To lend or advance the amount of, deducting the interest or other rate per cent from the principal, at the time of the loan or advance. The banks discount notes and bills of exchange, on good security.The first rule--to discount only unexceptionable paper.DISCOUNT, v.i. To lend or make a practice of lending money, deducting the interest at the time of the loan. The banks discount for sixty or ninety days, sometimes for longer terms.
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Evolution (or devolution) of this word [discount]
1828 Webster | 1844 Webster | 1913 Webster |
DISCOUNT, n. [See Count. Literally, a counting back or from.] 1. A sum deducted for prompt or advanced payment; an allowance or deduction from a sum due, or from a credit; a certain rate per cent deducted from the credit price of goods sold, on account of prompt payment; or any deduction from the customary price, or from a sum due or to be due at a future time. Thus the merchant who gives a credit of three months will deduct a certain rate per cent for payment in hand, and the holder of a note or bill of exchange will deduct a certain rate per cent of the amount of the note or bill for advanced payment, which deduction is called a discount.2. Among bankers, the deduction of a sum for advanced payment; particularly, the deduction of the interest on a sum lent, at the time of lending. The discounts at banking institutions are usually the amount of legal interest paid by the borrower, and deducted from the sum borrowed, at the commencement of the credit.3. The sum deducted or refunded; as, the discount was five per cent.4. The act of discounting. A note is lodged in the bank for discount. The banks have suspended discounts.DISCOUNT, v.t. 1. To deduct a certain sum or rate per cent from the principal sum. Merchants discount five or six per cent, for prompt or for advanced payment.2. To lend or advance the amount of, deducting the interest or other rate per cent from the principal, at the time of the loan or advance. The banks discount notes and bills of exchange, on good security.The first rule--to discount only unexceptionable paper.DISCOUNT, v.i. To lend or make a practice of lending money, deducting the interest at the time of the loan. The banks discount for sixty or ninety days, sometimes for longer terms. | DIS'COUNT, n. [Fr. deconte or decompte; de or dis and compte; It. sconto; Sp. descuento; Arm. discount or digont. See Count. Literally, a counting back or from.]- A sum deducted for prompt or advanced payment; an allowance or deduction from a sum due, or from a credit; a certain rate per cent. deducted from the credit price of goods sold, on account of prompt payment; or any deduction from the customary price, or from a sum due or to be due at a future time. Thus the merchant who gives a credit of three months, will deduct a certain rate per cent. for payment in hand, and the holder of a note or bill of exchange will deduct a certain rate per cent. of the amount of the note or bill for advanced payment, which deduction is called a discount.
- Among bankers, the deduction of a sum for advanced payment; particularly, the deduction of the interest on a sum lent, at the time of lending. The discounts at banking institutions are usually the amount of legal interest paid by the borrower, and deducted from the sum borrowed, at the commencement of the credit. – Hamilton's Report.
- The sum deducted or refunded; as, the discount was five per cent.
- The act of discounting. A note is lodged in the bank for discount. The banks have suspended discounts.
DIS'COUNT, v.i.To lend or make a practice of lending money, deducting the interest at the time of the loan. The banks discount for sixty or ninety days, sometimes for longer terms. DIS'COUNT, v.t. [Sp. descontar; Port. id.; Fr. decompter; Arm. discounta, digontein; It. scontare. In British books, the accent is laid on the last syllable. But in America, the accent is usually or always on the first.]- To deduct a certain sum or rate per cent. from the principal sum. Merchants discount five or six per cent for prompt or for advanced payment.
- To lend or advance the amount of, deducting the interest or other rate per cent. from the principal, at the time of the loan or advance. The banks discount notes and bills of exchange, on good security.
The first rule … to discount only unexceptionable paper. – Walsh.
| Dis"count`
- 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.
- To
lend, or make a practice of lending, money, abating the discount; as,
the discount for sixty or ninety days.
- 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.
- To lend money upon, deducting the discount
or allowance for interest; as, the banks discount notes and
bills of exchange.
- A deduction made for interest, in
advancing money upon, or purchasing, a bill or note not due; payment
in advance of interest upon money.
- To take into consideration beforehand; to
anticipate and form conclusions concerning (an event).
- The rate of interest charged in
discounting.
- To leave out of account; to take no notice
of.
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1828 Webster | 1844 Webster | 1913 Webster |
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Discount DISCOUNT, noun [See Count. Literally, a counting back or from.] 1. A sum deducted for prompt or advanced payment; an allowance or deduction from a sum due, or from a credit; a certain rate per cent deducted from the credit price of goods sold, on account of prompt payment; or any deduction from the customary price, or from a sum due or to be due at a future time. Thus the merchant who gives a credit of three months will deduct a certain rate per cent for payment in hand, and the holder of a note or bill of exchange will deduct a certain rate per cent of the amount of the note or bill for advanced payment, which deduction is called a discount 2. Among bankers, the deduction of a sum for advanced payment; particularly, the deduction of the interest on a sum lent, at the time of lending. The discounts at banking institutions are usually the amount of legal interest paid by the borrower, and deducted from the sum borrowed, at the commencement of the credit. 3. The sum deducted or refunded; as, the discount was five per cent. 4. The act of discounting. A note is lodged in the bank for discount The banks have suspended discounts. DISCOUNT, verb transitive 1. To deduct a certain sum or rate per cent from the principal sum. Merchants discount five or six per cent, for prompt or for advanced payment. 2. To lend or advance the amount of, deducting the interest or other rate per cent from the principal, at the time of the loan or advance. The banks discount notes and bills of exchange, on good security. The first rule--to discount only unexceptionable paper. DISCOUNT, verb intransitive To lend or make a practice of lending money, deducting the interest at the time of the loan. The banks discount for sixty or ninety days, sometimes for longer terms.
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Hard-cover Edition |
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Compact Edition |
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CD-ROM |
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* As a note, I have purchased each of these products. In fact, as we have been developing the Project:: 1828 Reprint, I have purchased several of the bulky hard-cover dictionaries. My opinion is that the 2000-page hard-cover edition is the only good viable solution at this time. The compact edition was a bit disappointing and the CD-ROM as well. |
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