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.
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.
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.
3. The rate of interest charged in discounting.
{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.
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.
2. To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
Discount only unexceptionable paper. --Walsh.
3. To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
4. To leave out of account; to take no notice of. [R.]
Of the three opinions (I discount Brown's). --Sir W. Hamilton.
But discount stores and sellers of moderately priced basic apparel are expected to post better results.
If it upsets the gilts market, this will put upward pressure on mortgage rates. In the discount market the Bank of England dispatched a shortage of Pounds 750m without difficulty.
"Everything is revolving around the discount rate," said Ezra Zask, senior vice president and global foreign exchange manager at Mellon Bank in Pittsburgh.
Most investment trusts trade at a discount. The offer period runs until March 5 and dealings will start on March 11. Maximum Pep investment is Pounds 1,500, as the trust does not qualify for the full annual Pounds 6,000 allowance.
With improved shipping reliability and product improvements, he said, the company was able to get its products back into several major department stores. He also said Farah didn't have to discount prices as much this year as it did last year.
Thus, only those who want the discount vouchers receive them.
Delta Air Lines has announced plans to raise economy and first-class fares, while Pan Am Corp. said it would increase the price of discount tickets.
Yields six-month bills edged down to 7.77 percent as the discount dipped 1 basis point to 7.39 percent.
For 1986, the company had a loss of $1.9 million, despite an extraordinary gain of $248,000 from the pre-payment of long-term debt at a discount.
Gencor has announced its R2bn rights offer, the largest in the country's history, has been priced at a 14.5 per cent discount to the market price.
Zayre said its discount store sales were "well ahead of last year" but it said sales were still "substantially short of our expectations, both for the year and the Christmas season."
Both Holiday Inns and Quality Inns International have announced that they will extend their government discount rates to all government contractors.
Hills operates 139 discount department stores in the U.S.
Traders are hoping for a cut in the discount rate at the central bank council meeting Thursday.
It also was depressed because the Bank of England offered to lend money to discount houses Monday at above market rates, indicating that an interest-rate cut isn't imminent.
Yields on three-month Treasury bills rose to 7.37 percent as the discount rose 2 basis points to 7.16 percent.
(The discount does not apply to the Pep). Prolific Unit Trust Managers is also offering a discount off some of its funds.
(The discount does not apply to the Pep). Prolific Unit Trust Managers is also offering a discount off some of its funds.
Fidelity Investments, the Boston-based mutual fund and discount brokerage firm, offers a teaching kit titled "You and Money" free to parents.
A decrease in the Fed's discount rate often signals that other short-term loans such as adjustable-rate mortgages and car loans also will become less expensive.
The discount rate is the interest the Fed charges on loans to financial institutions.
Allbright was elected president of the corporation in September 1987 after having been chairman and chief executive officer of its Target discount store division since 1984.
Should that happen, "there would cease to be any competition in those lines of coverage based on the smoker-nonsmoker distinction, as no other companies offer such a discount in those lines," the order said.
Southeast recently had to resort to borrowing from the discount window of the Federal Reserve Bank in Atlanta, an indication that it may be having liquidity problems, according to two individuals familiar with the matter.
TREASURY BILLS: Results of the Monday, April 2, 1990, auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $1 million: 7.83%, 13 weeks; 7.81%, 26 weeks.
Dealers said they expect the council to vote to lift the discount rate by half a percentage point to 3 percent and to increase domestic money market rates by a quarter percentage point.
Participants said that a 1/2 percentage point cut in the discount rate had already been factored into exchange rates.
The Chicago Merc fined a leading discount futures broker, Jack Carl Associates, and its president a total of $45,000 related to allegedly abusive trading in stock-index futures.
Mexico then swapped those new bonds for government bank debt, which banks offered at a discount at an auction in March.
Through the discount facility, the Bundesbank provides domestic banks with liquidity at the lowest rate it has to offer.