Britannica Dictionary definition of DISCOUNT. always used before a noun. 1. : selling goods or services at reduced prices. a discount store/chain/retailer. discount airlines. 2. : offered or sold at a reduced price. discount tickets.

Nov 11, 2022 · Discounting refers to the act of estimating the present value of a future payment or a series of cash flows that are to be received in the future. A discount rate (also referred to as the discount yield) is the rate used to discount future cash flows back to their present value.

Discount. Definition: Discount implies a concession or deduction allowed at a specified rate from the price of the goods given by the seller to the buyer or by the creditor to the debtor. It is given to lure customers and promote sales. The amount of discount must be received or paid with regard to the terms of the sales agreement.

To define a discount: 1. Navigate to the Discounts window. 2. Enter a name for the discount. 3. Select a price list. The combination of discount name and price list must be unique. 4. Enter the effective dates for the discount for this price list. 5. Check GSA if the discount is applicable to a GSA (General Services Administration) customer.

Discounts are determined by the payment terms you assign to your customers. You can also choose whether to allow discounts for partial payments and specify how you want Receivables to calculate the discount on your invoices. Types of Discounts Receivables lets you use the following types of discounts. Earned and Unearned Discounts

food bank discount: customers who meet the definition of an eligible food bank as defined in form 14-984, declaration of eligibility for food bank discount, qualify for a 20 percent discount off their electric bill prior to application of the public utilities commission reimbursement fee (pucrf) and any applicable user fees, taxes, and late …

Discount Scheme means an arrangement whereby, upon presentation of a document (other than a Warrant, a Voucher, a Permit to Travel, a Ticket or a National Transport token) the holder of the document is entitled to Purchase a Fare at a lower price than would otherwise apply. Sample 1 Sample 2 Based on 2 documents

Jan 31, 2022 · The step-by-step process of bill discounting is given below: A seller supplies goods or services to a buyer and raises an invoice. The buyer accepts the invoice. This approval means the buyer acknowledges the invoice and promises to make the payment on the due date. The seller approaches the financial institution to get the bill discounted.

Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...

discount. 1. To adjust the value of an asset on the basis of information rather than activity or events. For example, investors may already have discounted a firm's stock price because of the anticipation of weak earnings. 2.

Aug 07, 2022 · Discount houses are financial institutions that act as money lenders, or serve as intermediaries between commerical lenders and borrowers, trading in various short-term securities and...

discounts A reduction from a usual or list price. Webster's New World Similar definitions The amount by which the face value of a bond or other debt security exceeds its market price. …