"Discount" is a word in LAW AND LEGAL, ENGLISH
In a general sense, an ai-lowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taklng of interest ln advance
The rate of interest charged in discounting.
To leave out of account; to take no notice of.
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.
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).
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.
To lend, or make a practice of lending, money, abating
the discount; as, the discount for sixty or ninety days.
Despite my firm convictions, I have always been a man who tries to face facts, and to accept the reality of life as new experience and new knowledge unfolds. I have always kept an open mind, a flexibility that must go hand in hand with every form of the intelligent search for truth.
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