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The Collaborative International Dictionary of English v.0.48 (gcide)

Discount \Dis"count`\ (?; 277), v. i.
To lend, or make a practice of lending, money, abating the
discount; as, the discount for sixty or ninety days.
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Discount \Dis"count`\, n. [Cf. F. d['e]compte. See {Discount},
v. t.]
1. 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.
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2. A deduction made for interest, in advancing money upon, or
purchasing, a bill or note not due; payment in advance of
interest upon money.
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3. The rate of interest charged in discounting.
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{At a discount}, below par, or below the nominal value;
hence, colloquially, out of favor; poorly esteemed;
depreciated.

{Bank discount}, a sum equal to the interest at a given rate
on the principal (face) of a bill or note from the time of
discounting until it become due.

{Discount broker}, one who makes a business of discounting
commercial paper; a bill broker.

{Discount day}, a particular day of the week when a bank
discounts bills.

{True discount}, the interest which, added to a principal,
will equal the face of a note when it becomes due. The
principal yielding this interest is the present value of
the note.
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Discount \Dis"count`\ (?; 277), v. t. [imp. & p. p.
{Discounted}; p. pr. & vb. n. {Discounting}.] [OF. desconter,
descompter, to deduct, F. d['e]compter to discount; pref.
des- (L. dis-) conter, compter. See {Count}, v.]
1. 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.
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2. To lend money upon, deducting the discount or allowance
for interest; as, the banks discount notes and bills of
exchange.
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Discount only unexceptionable paper. --Walsh.
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3. To take into consideration beforehand; to anticipate and
form conclusions concerning (an event).
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4. To leave out of account; to take no notice of. [R.]
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Of the three opinions (I discount Brown's). --Sir W.
Hamilton.
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