discountn.adj.

Brit.

/ˈdɪskaʊnt/, U.S.

/ˈdɪˌskaʊnt/

Forms:

α. 1600s discounte, 1600s– discount.

β. 1600s–1700s discompt.

Origin: Formed within English, by conversion; probably originally modelled on a French lexical item. Etymon: discount v.

Etymology: < discount v., probably originally after French décompte, †descompte reduction, deduction (1344 in Middle French as descompt ; 13th cent. in Old French as descont and desconte , also in sense ‘mitigation’; < desconter , descompter discount v.); in senses A. 1b and A. 3 probably also influenced by Italian sconto difference between a sum of money lent to a borrower by a bank and the sum which he or she has to pay back, interest (13th cent.), reduction, deduction (1278 as †iscontio). Compare post-classical Latin discomputus (a1595).French décompte is not used in the specific banking sense A. 3, for which the usual term is escompte (1675; < escompter (see discount v.), probably after Italian sconto). However, compare French (now regional (northern) and Canada) discompte (1671 in the specific banking sense; obsolete in the standard language after late 18th cent.).

A. n.

a. A reduction in, or deduction from, the amount or gross value of something; the amount by which something is reduced. Now rare.

ΘΚΠ

the world > relative properties > quantity > decrease or reduction in quantity, amount, or degree > deduction > [noun] > that which is deducted

deduction1546

discount1622

defease1630

bate1800

subtractive1817

minus1876

offtake1892

1622 Eng. Commissioners Let. East India Business to James I in S. R. Gardiner Fortescue Papers (1871) 189 The discount of the pepper brought into Hollande.

1670 A. Marvell Let. 10 Mar. in Poems & Lett. (1971) II. 100 In discount of the third yeare to be layd at the Custome house to supply what falls short.

1728 E. Chambers Cycl. (at cited word) Discount, is also us'd for the Tare, or Waste of any Commodity, Sum, &c. There are 12 Shillings Discount in this Bag. The Cag of Oil sent me from Spain leaks; there are fifty Pints Discount.

1798 E. H. Bay Rep. Cases Superior Courts S.-Carolina 16 The defendant..filed a discount, for the loss of rent by..plaintiff's..delay.

1883 T. S. Van Dyke Still-hunter xxxii. 360 This discount of fifty yards on your estimate of distance is intended only for cases where you have no time to make any careful estimate.

1906 L. S. Robertson Bertin's Marine Boilers (ed. 2) v. 156 We must therefore allow a discount of 7 lbs. off the 135 lbs. of water evaporated.

b. A deduction (typically a certain percentage) made from a price or an amount due, esp. in return for prompt or early payment, or payment in cash, or one offered as part of a time-limited deal, or to a particular class of customer; the action or fact of making such a deduction. Frequently with at (cf. Phrases a).Now the most common sense.

ΘΚΠ

society > trade and finance > monetary value > price > discount > [noun] > discount for early payment

discounta1626

a1626 J. Davies in T. Carte Gen. Hist. Eng. (1755) IV. 194/1 He had..played the stock-jobber in buying the debentures, tallies and ticquets,..at a great discompt.

1638 L. Roberts Merchants Mappe of Commerce cccvi. 45 If the buyer pay the same content, or in ready money, how much ought the seller to rebate him for discounte for the 4 paiments or faires at the said price?

1690 W. Leybourn Cursus mathematicus 110 For discompt or rebate of money, this is the Proportion.

1701 London Gaz. No. 3710/3 Their Bills go at 50 per Cent. Discount.

1720 N.H. Compl. Tradesman xvii. 56 You agree with the Person which sold you the Goods, to pay you your Money before it be due, with rebating or discount.

1756 D. Hume Let. 4 Dec. (1932) I. 236 Tho' some odd Copies of particular Volumes remain on hand, there is no great Matter, as they may be dispos'd of with a small Discount.

1804 C. Coote Statist. Surv. County Armagh 274 Linen merchants pay a discount of from two and a half to four per cent. for gold.

1837 Penny Cycl. IX. 18/1 The rates of discount in this list vary from 5 to 40 per cent. upon the nominal prices of the different articles.

1862 J. H. Burton Book-hunter (1863) 252 Draw all the profits without discount or percentage.

1930 Publishers' Weekly 19 Apr. 2111 Should traveler's discounts be allowed on pickups?

1947 Manitowoc (Wisconsin) Herald-Times 30 Apr. 8/4 In order to benefit all the proper thing to do would be to offer anything in our large stock at 10% discount.

1960 Edmonton (Alberta) Jrnl. 3 Nov. 2/4 The discount on round-trip first-class fares is to be dropped.

2008 N. Taylor Baltic Cities ii. 30/1 Massive discounts are often available in winter here.

2. figurative. Reduction in or diminution of the value or quality of something; an instance of this. Also: the state of being low in value or esteem; low regard or estimation.

ΚΠ

1628 Z. Boyd Last Battell Soule v. 671 The Wicked..shall at Gods Left hand bee standing in disgrace, discount, & discountenance.

1692 T. Budd Expostulation with T. Lloyd, S. Jenings, & Rest 6 If Discount be allowable in this case, why are not G.K.'s hard words discounted against those that have been given to him?

1753 A. Murphy Gray's Inn Jrnl. No. 56. ⁋9 The Peevishness of these my Creditors is a great Discount upon my Happiness.

1794 E. Gunning Packet III. 38 Present fears are a heavy discount on future expectations.

1825 Blackwood's Edinb. Mag. July 49/1 To tear me..from an excellent dinner—the only discount, as I said before, that scoundrel Peasebran ever allows me.

1859 F. Hall Vásavadattá 54 The partiality for Bauddhas..must, very likely, be received with liberal discount.

1891 Rev. of Reviews (N.Y. ed.) May 400/1 This, however, must be taken with considerable discount.

1952 F. L. Mott News in Amer. v. 46 After all the discounts are taken, timeliness remains a chief quality of good reporting.

2007 D. Gildow & O. Chang tr. Sheng Yen Orthodox Chinese Buddhism iii. 86 It is not a celebration of longevity but rather a discount on future happiness.

3. Banking and Finance.

a. The amount (usually expressed as a percentage) deducted from the face value of a bill of exchange or promissory note when it is purchased before its maturity date.This was formerly the common method by which banks and discount houses advanced money to businesses. In practice, the discount can be regarded as the interest charged by the purchaser for advancing the value of the bill before it matures.

ΘΚΠ

society > trade and finance > financial dealings > types of money-dealing > [noun] > use of bills of exchange > discounting > discount

discount1633

1633 R. Butler (title) The scale of interest, or proportional tables and breviats shewing the forbearance and discompt of any sums of money for any time.

1707 A. Justice Gen. Treat. Monies 29 The Discompt is not equal in all Countries for the Interest of Money.

1727 D. Defoe Compl. Eng. Tradesman (ed. 2) I. Pref. p. ix The dismal consequences of Usury, high Discount, and paying Interest for money.

1793 C. Smith Let. 20 Dec. (2003) 91 I may..get over this difficulty by getting the Bill discounted at 6 months: tho the sum is such as hardly bears the discount.

1859 B. Smith Arith. & Algebra (ed. 6) 491 We may define the Discount of a sum of money to be the interest of the Present Worth of that sum, calculated from the present time to the time when the sum would be properly payable.

1863 H. Fawcett Man. Polit. Econ. iii. vi. 355 The value of money is considered to be represented by the bank rate of discount.

1920 J. G. Kirk & J. L. Street Bookkeeping Mod. Business v. 221 He then calculates the discount on the amount due at maturity for the unexpired time.

2010 B. N. Shah et al. Textbk. Pharmaceut. Industr. Managem. xxviii. 380 The amount of discount depends upon the rate of interest and the remaining period of the bill.

b. The act of discounting a bill or note; the trade or practice of discounting; a transaction of this nature.

ΘΚΠ

society > trade and finance > financial dealings > types of money-dealing > [noun] > use of bills of exchange > discounting

discounting1629

discount1646

note-shaving1809

shaving1813

1646 Ordinance Lords & Commons for Selling Lands of Bishops 17 To keepe Accompt of all Entries, Receipts, Payments, and Discompts whatsoever, which shall be made unto or by the said Treasurers.

1712 W. Howell's Medulla Hist. Angl. (ed. 6) 361 The Loss by Discount of Bills and all other incident Charges.

1761 T. Harper Accomptant's Compan. 97 Bank Money is made Current by the Interest, but Current Money is made Bank by Discount.

1794 Bee 1 Jan. 335 Wantonly stopping the discount of bills in the usual course of business.

1837 J. R. McCulloch Statist. Acct. Brit. Empire II. iii. v. 170 The Scotch banks make their advances partly by discount of bills, and partly by what are termed cash accounts, or cash credits.

1840 W. Irving Time of Unexampled Prosperity in Knickerbocker Mag. Apr. 308 To establish a bank of deposite, discount, and circulation.

1866 A. Crump Pract. Treat. Banking iii. 78 Shall you require either loans or discounts, and to what amount?

1922 Jrnl. Amer. Hist. 16 67 The bank might have branches for deposit and discount wheresoever the directors should see fit to establish them.

2011 G. Park Spending without Taxation v. 126 The Government Finance Index is the total loans and discounts outstanding of the major government financial institutions.

4. Stock Market. The shortfall between the trading price of a financial holding (such as a stock, bond, or investment trust) and the value of its underlying assets. Cf. premium n. 6.

ΚΠ

1761 T. Mortimer Every Man his own Broker i. 16 The government annuities selling at a great discount is only a proof of the increase of the value of money.

1786 G. Chalmers Estimate Compar. Strength Great-Brit. (new ed.) 154 These unfunded debts float in the Stock Market at great discount.

1802 Bury & Norwich Post 1 Sept. Omnium opened at 11½ discount.

1866 Shareholder's Guardian 16 May 385/1 They began by ‘bearing’ its shares until they run them down to a discount.

1948 Times 13 Mar. 7/2 The discount on the shares narrowed slightly to 2½ per cent. to 2 per cent. below take-over values.

1969 Kiplinger's Personal Finance Jan. 10/1 The discounts have been reduced or replaced in a few instances by premiums over asset values.

2000 Investor Nov. 67/2 Such an argument is attractive..only if there is a real prospect of the discount narrowing, with the share price rising closer to the asset value.

5. U.S. Billiards. A deduction of one or more counts from one player's score for each count made by the other, given or agreed in recognition of unequal levels of ability; the mode of play in which such a deduction is granted. Frequently with modifying word specifying the size of the deduction, as double discount, treble discount, etc. (see quots. 1857 and 1999). Now historical.

ΚΠ

1857 M. Phelan Game of Billiards (ed. 2) 66 In double and treble discount, twice and thrice the amount of his opponent's gains are deducted from the player's score.

1878 Proc. Amer. Acad. Arts & Sci. 1877–8 13 141 In case of a discount, the person who gives the discount loses, moreover, one from his count, when his opponent makes a successful shot.

1897 Borderland Jan. 93/2 Never play billiards? Why, only last week you gave me a discount and a beating.

1914 Hearst's Nov. 576/1 It's a tremendous compliment..to have you object to the double discount.

1999 M. Shamos New Illustr. Encycl. Billiards 82/2 In double discount, twice the number of points scored is deducted from the odds-giver... In grand discount, the odds-giver has his score reset to zero whenever his adversary scores.

B. adj.

Offered for sale at a discount. Cf. discounted adj. 2.

ΘΚΠ

society > trade and finance > monetary value > price > discount > [adjective] > subject to discount

discount1890

discounted1891

subject1897

1890 Milwaukee (Wisconsin) Daily Jrnl. 22 Mar. 2/2 (advt.) The great closing out sale of special discount goods.

1911 Encycl. Brit. XXII. 630/2 The net system was gradually introduced, net books and discount books being issued side by side.

1949 Billboard 3 Sept. 15/3 Dealers will be permitted to place only one order during September for discount merchandise.

1986 Listener 6 Feb. 42/2 A discount holiday—two weeks to the Costa Cheapo.

2005 LSAT Explained (Get Prepped!) 8 Today, 90 percent of the tickets are discount and 10 percent are full-fare.

Phrases

at a discount.

a. At less than the nominal or usual value or price. Opposed to at a premium (premium n. and adj. Phrases 1).

ΘΚΠ

society > trade and finance > monetary value > [adverb] > below proper or usual value

underfoot1576

under value1608

underhand1617

at a discount1792

1792 J. Belknap Foresters xv. 196 Some grumbling still subsists among those who were obliged to sell their notes at a discount.

1833 H. Martineau Berkeley the Banker i. vi. 120 When its notes were at a discount.

1848 J. S. Mill Princ. Polit. Econ. II. iii. xx. §2 151 The price of bills would fall below par: a bill for 100l. might be bought for somewhat less than 100l., and bills would be said to be at a discount.

1861 G. J. Goschen Theory Foreign Exchanges 5 Though one system of coinage were adopted for all countries, claims on foreign countries would nevertheless vary in price, and would still be either at a premium or at a discount.

1906 Manitoba Morning Free Press 20 Aug. 16/4 (advt.) We were fortunate in securing a traveler's sample lot of the famous Peterson pipes at a discount.

2007 A. Theroux Laura Warholic xi. 147 We have lost moon-sized assloads of advertising, with remnant space we're now forced to sell at a discount.

b. figurative. In low esteem, reduced in estimation or regard; unpopular, not in demand.

ΘΚΠ

the mind > attention and judgement > contempt > [adverb]

coarsely1548

slighta1616

at a discount1798

cheaply1822

1798 True Briton 10 July Since the Squadron of Nelson has been in pursuit of him, the French General has been rather at a discount.

1832 T. P. Thompson Exercises (1842) II. 237 ‘Conservative’ principles are at a discount throughout the world.

1842 F. Marryat Percival Keene II. ii. 251 We should be at a pretty discount with the red-coats.

1856 C. Reade It is never too Late III. xxxiii. 324 Servants are at a great premium, masters at a discount, in the colony.

1908 Yale Lit. Mag. June 402 Thoughtful conservatism is at a discount.

1957 F. E. Adcock Greek & Macedonian Art of War i. 11 So far as the decisive battle is between hoplites, light-armed troops are at a discount in citizen armies.

2010 N. T. Wright in Christ & Culture xi. 162 We live in a world..where truth is at a discount.

Compounds

C1. General attributive and objective (in sense A. 3), as discount accommodation, discount broking, discount business, etc. See also discount house n. 1.

ΚΠ

1798 E. H. Bay Rep. Cases Superior Courts S.-Carolina 15 The discount law only extended to liquidated accounts and not to matters sounding in damages.

1854 Bankers' Mag. Mar. 703 The demand for discount accommodation at the bank itself, became greater.

1860 Daily News 30 Apr. 6/3 The course of the discount dealing was then varied.

1876 World No. 117. 5 At to-day's rates there cannot possibly be any appreciable profit in discount business.

1922 D. R. Dewey & M. J. Shugrue Banking & Credit xiii. 182 The banking custom..is to make interest and discount calculations on the assumption that there are 30 days to the month and 360 days to the year.

1996 C. Harvey & J. Press Art, Enterprise & Ethics ii. 28 Discount broking..played a vital role in the development of a national economy in late eighteenth- and early nineteenth-century Britain.

C2. attributive. Designating a trader that sells goods below the normal retail price, as discount shop, discount store, etc., or the practice of trading in discounted goods, as discount selling, discount trading; (also more generally) with the sense ‘of or relating to the discounting of goods’, as discount bin, discount voucher, etc. See also discount house n. 2.In early use chiefly with reference to the selling of books at below the normal price.

ΚΠ

1885 Country Gentleman 7 Feb. 167/2 Let him invest a shilling in the American jest book—he may get the work for a shilling if he goes to a discount shop.

1889 Spectator 31 Aug. 268/2 Harper's, which discount booksellers sell at 9d. a copy.

1940 Milwaukee (Wisconsin) Sentinel 4 Oct. 14/2 When the manufacturer permits his goods to be distributed through the casual channels of the ‘discount’ shops, he is injuring the regular trade.

1954 Gaz. & Bull. (Williamsport, Pa.) 11 May 17/1 A number of retailers have swung from conventional to discount selling.

1960 Guardian 10 June 7/2 All forms of discount trading are violently denounced by trade associations.

1973 Wednesday Advocate (Newark, Ohio) 19 Sept. 35/4 (advt.) That's what you'll find in the discount bin at Abbott's.

1986 A. R. Kaplan et al. Minnesota Ethnic Food Bk. 238 (caption) Shopping at St. Paul's Country Store, a discount supermarket.

1996 G. Ward Hawaii: Rough Guide ii. iii. 253 Pick up the discount vouchers at the mall entrance.

2009 T. Footman Noughties vii. 105 The 2008 credit crunch didn't help matters, with many customers switching to value lines or discount stores.

C3.

discount broker n. Banking and Finance (a) a person who, or firm which, procures the discounting of bills of exchange, usually by acting as intermediary; a dealer in bills; (b) a stockbroker who charges a reduced commission on transactions, but does not provide investment advice or other services (opposed to full-service broker).

ΘΚΠ

society > trade and finance > financial dealings > types of money-dealing > [noun] > use of bills of exchange > one dealing in bills of exchange > discounter

discounter1707

shaver1813

note-shaver1816

discount house1832

discount broker1863

bill-discounter1866

1799 F. A. Winsor Prosperity of Eng. 148 The different Money and Discount brokers are always hunting after Paper for discount.

1863 H. Fawcett Man. Polit. Econ. ii. v. 181 Applying to a banker, or discount-broker, for loans.

1973 Wall St. Jrnl. 19 Jan. 1/6 He ‘paid out close to $10,000 in commissions’ to four big brokers in..1972. Then a friend told him about Rose & Co., a Chicago discount broker.

1998 Financial Times 9 Oct. 19/3 He's been widely expected to return to the City, whence he came more than 20 years ago as a discount broker.

2011 S. Fisher & S. Shelly Compl. Idiot's Guide to Stock Investing xv. 188 A discount broker buys and sells stock for you, but does not offer advice, conduct research for you, or provide the other services offered by full-service brokers.

discount card n. a card entitling its holder to receive certain goods or services at a discount.

ΚΠ

1879 J. Cook Holiday Tour in Europe xlv. 268 An association of makers governing their rates by the usual discount-cards current in trade associations in America.

1922 Baking Industry 15 Apr. 789/2 A baker who did not believe in newspaper advertising worked out a discount card that got for him the business he wanted.

2006 Bristol Evening Post (Nexis) 9 June 10 In some areas there are special discount cards if you are on benefits, saving you a third on fares.

discount day n. Banking and Finance (originally and chiefly U.S.) (now historical) a day, esp. a particular day of the week, on which a bank discounts bills of exchange or promissory notes (see discount v. 3a).

ΚΠ

1791 Green's Reg. Connecticut 53 Until offices of discount and deposit shall be established, there shall be at least two discount days in every week.

1832 U.S. Weekly Tel. 11 June 369/1 The Messrs. Biddles had had notes discounted for them by the president, which were entered on the books of the preceding discount day.

1876 Austral. Almanac 70 Commercial Banking Company of Sydney... Discount Days, Tuesdays and Fridays.

1921 W. Mack & W. B. Hale Corpus Juris XIV. 402/1 At the next discount day it was made known to the board that the property was clear of encumbrances.

2003 H. Bodenhorn State Banking in Early Amer. ii. 29 The board would meet on its appointed discount day and vote yea or nay on each offered note or bill.

discount factor n. Finance a factor which, when multiplied by a particular year's predicted cash flow, brings the cash flow to a present value (present value n. at present adj. and adv. Compounds 3).

ΚΠ

1915 H. H. Chapman Forest Valuation v. 56 In the above case, ¹/ _7.1067 gives a discount factor of 0.1407, which means that $1.00 payable in fifty years has a present value, at 4 per cent, of $0.1407.

2000 P. K. Satish in L. Borodovsky & M. Lore Professional's Handbk. Financial Risk Managem. iii. 76 The discount curve reflects the discount factor applicable at different dates in the future.

discount market n. Banking and Finance the section of the financial market (esp. that of the City of London) which deals in bills of exchange and other negotiable instruments, consisting chiefly of banks, bill brokers, and discount houses.

ΚΠ

1826 Morning Chron. 21 Jan. A period, which the prospect in the Discount Market will render ruinous to some.

1922 W. F. Spalding London Money Market vii. 106 The discount market is one of the most important sections of the London Money Market.

2009 B. Scarlett Performance Operations (CIMA Official Learning System) ix. 419 Commercial paper is negotiable, so the bills can be sold on the discount market at any time before their maturity date.

This entry has been updated (OED Third Edition, December 2013; most recently modified version published online March 2022).

discountv.

(in most senses usually)Brit.

/ˈdɪskaʊnt/, U.S.

/ˈdɪˌskaʊnt/ (especially in sense 8)Brit.

/dɪˈskaʊnt/, U.S.

/ˌdɪˈskaʊnt/

Forms:

α. 1500s discownt, 1500s– discount.

β. 1500s discoumpt, 1600s–1700s discompt.

Origin: Formed within English, by derivation; originally modelled on a Spanish lexical item. Etymons: dis- prefix, count v.

Etymology: < dis- prefix + count v. (compare forms at that entry), originally (in quot. 1561 at sense 1a) after Spanish descontar (13th cent.). Compare Old French, Middle French desconter , Middle French descompter , French décompter to deduct from a sum due or to be accounted for (1266), Italian †discontare to deduct from a sum due or to be accounted for (1304; apparently rare), and also post-classical Latin discomputare (from 1270 in British sources; from 1293 in continental sources), German diskontieren (late 17th cent., originally and chiefly in sense 3a; after Italian scontare ). Compare also Italian scontare to deduct, subtract (something) (1211 as †skontare ; 1313 in specific sense ‘to deduct from a sum due or to be accounted for’), to offset, pay off (a debt) (1594; < s- ( < classical Latin ex- ex- prefix¹) + contare count v.), whence French escompter (1675 in sense 3a, 1732 in sense 7). Compare later discount n.In sense 4 after discount n. 5.

I. To deduct, reduce, or offset a sum or amount.

a. transitive. To deduct, subtract. Now rare.

ΘΚΠ

the world > relative properties > quantity > decrease or reduction in quantity, amount, or degree > deduction > deduct [verb (transitive)]

abatec1400

rebate1425

batec1440

minishc1483

diminish?1504

detract1509

detray1509

deduct1524

defalkc1540

defalcate1541

subtray1549

derogate1561

discount1561

deduce?1566

substract1592

to strike off1597

reduct1600

subtract1610

subduct1716

to knock off1811

dock1891

shave1961

minus1963

1561 R. Eden tr. M. Cortés Arte Nauigation ii. xx. sig. G.v Discountyng [Sp. descontando] these yeares, it shall appeare clearely as I say.

1652 M. Nedham tr. J. Selden Of Dominion of Sea 266 By dis-counting 38 years from the year 1051, that year 1012, is sufficiently manifest.

1664 S. Butler Hudibras: Second Pt. ii. iii. 210 All which [Plunder] the Conqu'rer did discompt, To pay for curing of his Rump.

a1715 Bp. G. Burnet Hist. Own Time (1724) I. 530 They made such exceptions to those of the other side, that they discounted as many voices as gave them the majority.

1902 J. W. Mills Citrus Fruit Culture 45 Staleness and flavors of age or decay to be discounted from aggregate of points in this division.

b. transitive. spec. To deduct from a sum due or to be accounted for.

ΘΚΠ

society > trade and finance > monetary value > price > discount > deduct as discount [verb (transitive)] > reckon as discount

discount1621

1621 Humble Petition Prisoners for Debt in Kings Bench (single sheet) After ten or twentie yeares imprisonment..there is not come one pennie thereby into the Creditors purse, nor one pennie discounted of the Debtors debt.

1696 N. Luttrell Diary in Brief Hist. Relation State Affairs (1857) IV. 93 The Turky merchants have offered to advance a considerable summe to the king, provided it may be discounted out of the customes of their fleet.

1726 R. Newton in L. M. Quiller Couch Reminiscences of Oxf. (1892) 64 Decrements..so call'd as so much did..decrescere, or was discounted from a Scholar's Endowment.

1779 Remembrancer 8 311/1 The colony shall be obliged to advance a sum of money to pay the French troops, which will be discounted from the revenue.

1844 Jrnl. Proc. Senate Florida 21 Feb. 147 That a fine of ten dollars be imposed..and that the amount be discounted out of his pay.

1906 J. A. Robertson tr. J. M. de Zúñiga in E. H. Blair & J. A. Robertson Philippine Islands XLIII. 124 At times..the expense of the wedding was discounted from it [sc. the dowry].

1989 Sunday Post-Courier (Charleston, S. Carolina) 25 June g17 All typical capitalized expenses normally incurred..will be discounted from the bid price.

1997 D. Goodman Spanish Naval Power (2002) 191 He..asked for money to be given to the wives, discounting it from their husbands' pay.

†c. transitive. To reduce the amount of (a debt) by a set-off (see set-off n. 3a). Obsolete.

ΚΠ

1713 J. Swift Part of 7th Epist. Horace Imitated 10 Parvisol discounts Arrears, By Bills for Taxes and Repairs.

1774 P. Francis tr. I. de Pinto Ess. Circulation & Credit ii. 82 It is highly to the honor of the Noble Lord now at the head of the treasury, that the idea of discounting the public debt was first adopted in his administration.

d. transitive. Originally: to make a reduction of (a specified percentage) from a selling price or sum due. Later: to reduce (a selling price) by means of a discount; (hence) to sell (a product) at a discount.

ΘΚΠ

society > trade and finance > selling > sell [verb (transitive)] > sell at low price

undersell1647

discount1828

slaughter1896

to job off1903

1828 N. Webster Amer. Dict. Eng. Lang. (at cited word) Merchants discount five or six per cent., for prompt or for advanced payment.

1850 Tait's Edinb. Mag. Apr. 234/1 25 per cent. is discounted from the payment of penny news stamps in Ireland, if the purchase be to the value of ten pounds or upwards.

1880 Daily Commerc. Bull. (Chicago) 28 Aug. Sales could hardly be made without discounting prices.

1955 Business Week 10 Sept. 54/2 Till now, a seller could discount his price to the buyer only by the amount that the buyer saved him in cost of distributing his product.

1977 Gramophone June 4 (advt.) Comet have been discounting Hi-Fi since 1968 and that makes us not only the biggest but one of the oldest-established discounters in the UK.

2012 Queensland Times (Nexis) 16 Aug. 8 I hope you supermarkets..are proud of discounting your milk at the expense of many a dairy farmer.

†2. intransitive. With for. To bear or defray the cost of something; to offset a debt. Obsolete.

ΘΚΠ

society > trade and finance > payment > pay money or things [verb (transitive)] > bear or defray the cost of

quitc1275

maintaina1425

pay1446

fray1450

abye1503

price?a1513

be1520

to stand to ——1540

disburse1548

defray1581

discharge1587

reimburse1591

discount1647

to be at the charge(s of1655

to pay off1711

stand1808

pop1947

1647 in J. Rushworth Hist. Coll.: 4th Pt. (1701) II. 1025 Public monies which..Mr. Thornton had no ways satisfied or discounted for before his death.

1687 R. L'Estrange Brief Hist. Times I. 159 Discounting All this while, for what we have Receiv'd from the Westminster-Insurance Offices, upon the Whole Charge.

1690 J. Dryden Don Sebastian iii. i. 51 My Prayers and Penance shall discount for these, And beg of Heav'n to charge the Bill on me.

a. transitive. To pay the value of (a bill of exchange or promissory note) before its maturity date, with a deduction equivalent to the interest at a certain percentage for the time which it has still to run. Also: (of the holder) to obtain cash for (a bill or note) before its maturity date, with such a deduction. Cf. discount n. 3.

ΘΚΠ

society > trade and finance > financial dealings > types of money-dealing > [verb (transitive)] > use bills of exchange

protest1479

retire1610

imprest1617

to take up1655

honour1664

discount1671

indulge1766

dishonour1811

cover1866

sight1866

protect1884

1671 July 18. 1671: Tryal before Ld. Chief Justice Hales 15 Some Factors (designing to make an advantage by Failure) having Bills sent them to receive for other mens Accompts, do negotiate, or rather discount the Bills with Goldsmith-Bankers.

1694 London Gaz. No. 3008/4 Foreign Bills of Exchange will be Discounted after the Rate of Four and half per Cent. per Annum.

1727 D. Defoe Compl. Eng. Tradesman (ed. 2) I. Suppl. ii. 28 The seller had a supply by Discounting the Bills.

1780 R. B. Sheridan School for Scandal iii. ii. 34 Did you get that little bill discounted for me?

1814 T. Jefferson Let. 16 Jan. in Writings (1855) VI. 295 I am an enemy to all banks discounting bills or notes for anything but coin.

1848 J. S. Mill Princ. Polit. Econ. iii. xi. §4 A bill of exchange, when merely discounted..does not perform the functions..of money, but is itself bought and sold for money.

1878 W. S. Jevons Polit. Econ. 114 A banker will..discount such a bill, that is, buy it up for the sum due, after subtracting interest..for the length of time the bill has to run.

1964 Economist 26 Sept. 1267/2 Making up a parcel of bills and getting them discounted in the discount market.

1992 Financial Times 10 Aug. 4/8 It has barred banks from re-discounting bills already discounted by non-banking financial companies.

2006 D. M. Weiss After Trade is Made (ed. 3) ii. 81 Minnie must discount the bill at a higher rate, thereby receiving less than she expected.

b. intransitive. To pay the value of a bill or note before its maturity date with a deduction of interest; to advance or lend money in this way. Also of the holder of a bill or note: to obtain cash with such a deduction.

ΘΚΠ

society > trade and finance > financial dealings > types of money-dealing > [verb (transitive)]

discount1682

1682 J. Scarlett Stile of Exchanges xvi. 120 To Discount or to Rescounter is good and sufficient payment, if it be of a due and liqued Debt.

1748 Ess. upon Publick Credit (ed. 2) 15 Absolutely refusing to discount for the Jews, under pretence that they were exporting the Cash of the Kingdom.

1788 Gentleman's & London Mag. Oct. 547/1 The bank discounts at 5 per cent.

1819 Niles' Weekly Reg. 6 Feb. 439/1 If the said bank shall be willing to discount, and shall not have the required amount of good paper offered within the term of 60 days, [etc.].

1861 U.S. vs. A. Castillero 3272 The holders shall be at liberty to discount with whomsoever they choose.

1902 Encycl. Brit. XXVI. 118/1 If the Reichsbank discounts below the official rate, it is to announce that fact in the Gazette.

1940 Rotarian Sept. 56/2 By discounting, a company improves its bank standing so that it can borrow in order to continue to discount.

2007 A. Plessis in P. L. Cottrell et al. Centres & Peripheries in Banking vii. 147 Such establishments were not authorized to discount within other cities where a departmental bank already existed.

c. transitive. To deduct (interest) on receiving the amount of a bill or before it is due. Now historical.

ΘΚΠ

society > trade and finance > monetary value > price > discount > [verb (intransitive)] > discount interest for early payment

discount1684

1684 London Gaz. No. 1945/4 Because it may be some conveniency..to have present Money, if they please to discount Interest, they may have it at the Office.

1701 London Gaz. No. 3708/4 The whole Loss being to be paid by the Undertakers within 60 days.., or sooner upon discounting the Interest.

1794 D. Wilkie Theory of Interest ii. 19 What is the present value of a bill of L. 285, 10 s. due 95 days hence, discounting interest at 5 per cent.

1829 Encycl. Americana I. 553/1 Creditors, whose debts are not due, are allowed to prove them, discounting interest.

1889 Ann. Rep. Bureau of Statistics of Labor & Industry New Jersey 488 Loans have been made by discounting interest at 6 per cent.

1967 Virginia Law Rev. 53 338 Discounting interest on a full year's note may be permissible, especially if it is the established custom.

2000 Econ. Hist. Rev. 53 62 Despite the difficulty of discounting interest precisely, it is clear that the exchange value of sterling was frequently also above mint par.

4. transitive. U.S. Billiards. To allow a discount (discount n. 5) to (an inferior player); to deduct (a count) from one's score by way of a discount. Now rare.

ΚΠ

1857 M. Phelan Game of Billiards (ed. 2) 66 When a player is so much the superior of another that he allows all the counts made by his opponent to be deducted from his own reckoning, he is said to ‘discount’ his adversary's gains.

1890 Pulaski County (Winamac, Indiana) Democrat 29 Jan. We played and I beat him... Then I discounted him and beat him again.

1903 N.Y. Times 21 Oct. 10/2 Winfield S. Bash discounted his opponent, George W. Brockway, in the afternoon match.

II. Figurative senses.

†5. transitive. To give up or surrender (something) in exchange for something of lesser value; to part with (a future benefit or advantage) for some present consideration. Obsolete.In quot. 1648: to give in advance against a future benefit or advantage.

ΘΚΠ

the mind > possession > relinquishing > relinquish or give up [verb (transitive)]

forsakec893

forlet971

to reach upOE

agiveOE

yield?c1225

uptake1297

up-yield1297

yield1297

deliverc1300

to-yielda1375

overgivec1384

grant1390

forbeara1400

livera1400

forgoc1400

upgive1415

permit1429

quit1429

renderc1436

relinquish1479

abandonc1485

to hold up?1499

enlibertyc1500

surrender1509

cess1523

relent1528

to cast up?1529

resignate1531

uprender1551

demit1563

disclaim1567

to fling up1587

to give up1589

quittance1592

vail1593

enfeoff1598

revoke1599

to give off1613

disownc1620

succumb1632

abdicate1633

delinquish1645

discount1648

to pass away1650

to turn off1667

choke1747

to jack up1870

chuck up (the sponge)1878

chuckc1879

unget1893

sling1902

to jack in1948

punt1966

to-leave-

1648 W. Montagu Miscellanea Spiritualia xiv. iii. 188 The dignity and present delight of this noble love..were an unthrift anticipation in this our minority, and were to be discounted to us out of our future estate of loving.

1702 S. Parker tr. Cicero Five Bks. De Finibus 237 To relinquish himself, to discount his Body, and take up with a Summum Bonum Uncommensurate to the Whole of his Person.

1855 Fraser's Mag. Feb. 157/2 Discounting immortality for pottage.

1869 Sat. Rev. 7 Aug. 183/1 The architectural future of London is to be discounted in favour of the Embankment.

6. transitive. To reduce in value, diminish; to deduct or detract from, lessen. Now rare.

ΚΠ

1716 M. Davies Crit. Hist. 26 in Athenæ Britannicæ III The Jacobits unaccountable Schism has been thoroughly discounted by our learned Dr. Turner.

1768 Woman of Honor I. 165 In this light..how much would [they] have to discount of their boasts of having had a number of women as worthless as themselves?

1880 Daily News 23 Sept. Acquaintance from books with the place to be visited ‘discounts’ the enjoyment of the visit.

1890 Literary World 20 Dec. 500/3 In reviewing a work of fiction, don't give away the plot... It discounts the pleasure of the reader.

1920 T. A. Dymes Nature-study of Plants x. 150 The smallness of the blossoms of the annuals rather discounts their attractions for the hobby-botanist.

7. transitive. To take (an event, etc.) into account beforehand, thus lessening its effect, interest, or importance when it takes place. Also: to settle or account for beforehand.

ΘΚΠ

the mind > mental capacity > expectation > expect [verb (transitive)] > take into account

to reckon with (also without)1622

contemplate1792

reckon1824

discount1828

1828 Times 2 Sept. 2/5 The city speculators reason in this manner, and according to their usual practice are discounting the event of an armistice..on the mere probability that it will occur.

1851 J. H. Newman Lect. Present Position Catholics Eng. 329 Absolution for a week! then it seems, she has discounted, if I may so speak, her prospective confessions, and may lie, thieve, drink, and swear for a whole seven days with a clear conscience.

1860 Sat. Rev. 9 825/1 His father discounted and exhausted the policy of perfidious concession.

1882 R. Bithell Counting-house Dict. (at cited word) To discount news or intelligence, a cant phrase much used in City circles, is to anticipate or expect such intelligence, and then act as though it had already arrived.

a1884 M. Pattison Mem. (1885) 214 Nor had his [sc. Newman's] perversion, so long looked for, and therefore mentally discounted, at all fallen upon me like a blow.

1918 Everybody's Mag. June 93/2 Orme was giving him, deliberately, tasks hopeless of accomplishment. Orme was discounting his inevitable failure, turning that failure to account, [etc.].

1985 Washington Post (Nexis) 5 Feb. c3 The financial markets already had discounted the budget because of leaks.

2001 H. Masover Value Investing in Commodity Futures iv. 42 The market had already gone up a good deal in anticipation of the rate drop. In market terms, the market had already ‘discounted’ the event.

8. transitive. To leave out of account; to disregard or rule out as unreliable, false, or irrelevant. Also: to give little credence to.

ΘΚΠ

the mind > attention and judgement > inattention > ignoring, disregard > ignore, disregard [verb (transitive)] > dismiss from consideration

to put out of ——a1250

to lay awaya1400

to set asidec1407

to lay by1439

to lay asidec1440

to let (something) walkc1450

to set apart?1473

reject1490

seclude?1531

to let go1535

to put offc1540

to set by1592

sepose1593

to think away1620

to look over ——a1640

prescind1650

seposit1657

decognize1659

inconsider1697

to set over1701

shelf1819

sink1820

shelve1847

eliminate1848

to count out1854

discounta1856

defenestrate1917

neg1987

a1856 W. Hamilton Lect. Metaphysics (1859) II. xl. 402 Of the three opinions, (I discount Brown's), under this head, one supposes [etc.].

1876 E. Mellor Priesthood iv. 172 To discount from the teaching of Christ the words ‘eat’ and ‘drink’, as modal terms..is to relinquish the literal interpretation.

1883 C. J. Wills In Land of Lion & Sun 315 After a time one learns to mentally discount the statements made by the natives.

1929 Accounting Rev. 4 18/1 No management discounts the value of experienced advice in product design.

1975 A. Beyer Picking Winners iv. 86 When I evaluate a horse who ran well with the track bias in his favor, I discount that performance almost completely.

2008 J. L. Bastien Ghosts of Mt. Holly 87 We can discount a lot of the claims that have been made about the Underground Railroad.

This entry has been updated (OED Third Edition, December 2013; most recently modified version published online March 2022).

单词	discount
释义	discountn.adj. Brit. /ˈdɪskaʊnt/, U.S. /ˈdɪˌskaʊnt/ Forms: α. 1600s discounte, 1600s– discount. β. 1600s–1700s discompt. Origin: Formed within English, by conversion; probably originally modelled on a French lexical item. Etymon: discount v. Etymology: < discount v., probably originally after French décompte, †descompte reduction, deduction (1344 in Middle French as descompt ; 13th cent. in Old French as descont and desconte , also in sense ‘mitigation’; < desconter , descompter discount v.); in senses A. 1b and A. 3 probably also influenced by Italian sconto difference between a sum of money lent to a borrower by a bank and the sum which he or she has to pay back, interest (13th cent.), reduction, deduction (1278 as †iscontio). Compare post-classical Latin discomputus (a1595).French décompte is not used in the specific banking sense A. 3, for which the usual term is escompte (1675; < escompter (see discount v.), probably after Italian sconto). However, compare French (now regional (northern) and Canada) discompte (1671 in the specific banking sense; obsolete in the standard language after late 18th cent.). A. n. 1. a. A reduction in, or deduction from, the amount or gross value of something; the amount by which something is reduced. Now rare. ΘΚΠ the world > relative properties > quantity > decrease or reduction in quantity, amount, or degree > deduction > [noun] > that which is deducted deduction1546 discount1622 defease1630 bate1800 subtractive1817 minus1876 offtake1892 1622 Eng. Commissioners Let. East India Business to James I in S. R. Gardiner Fortescue Papers (1871) 189 The discount of the pepper brought into Hollande. 1670 A. Marvell Let. 10 Mar. in Poems & Lett. (1971) II. 100 In discount of the third yeare to be layd at the Custome house to supply what falls short. 1728 E. Chambers Cycl. (at cited word) Discount, is also us'd for the Tare, or Waste of any Commodity, Sum, &c. There are 12 Shillings Discount in this Bag. The Cag of Oil sent me from Spain leaks; there are fifty Pints Discount. 1798 E. H. Bay Rep. Cases Superior Courts S.-Carolina 16 The defendant..filed a discount, for the loss of rent by..plaintiff's..delay. 1883 T. S. Van Dyke Still-hunter xxxii. 360 This discount of fifty yards on your estimate of distance is intended only for cases where you have no time to make any careful estimate. 1906 L. S. Robertson Bertin's Marine Boilers (ed. 2) v. 156 We must therefore allow a discount of 7 lbs. off the 135 lbs. of water evaporated. b. A deduction (typically a certain percentage) made from a price or an amount due, esp. in return for prompt or early payment, or payment in cash, or one offered as part of a time-limited deal, or to a particular class of customer; the action or fact of making such a deduction. Frequently with at (cf. Phrases a).Now the most common sense. ΘΚΠ society > trade and finance > monetary value > price > discount > [noun] > discount for early payment discounta1626 a1626 J. Davies in T. Carte Gen. Hist. Eng. (1755) IV. 194/1 He had..played the stock-jobber in buying the debentures, tallies and ticquets,..at a great discompt. 1638 L. Roberts Merchants Mappe of Commerce cccvi. 45 If the buyer pay the same content, or in ready money, how much ought the seller to rebate him for discounte for the 4 paiments or faires at the said price? 1690 W. Leybourn Cursus mathematicus 110 For discompt or rebate of money, this is the Proportion. 1701 London Gaz. No. 3710/3 Their Bills go at 50 per Cent. Discount. 1720 N.H. Compl. Tradesman xvii. 56 You agree with the Person which sold you the Goods, to pay you your Money before it be due, with rebating or discount. 1756 D. Hume Let. 4 Dec. (1932) I. 236 Tho' some odd Copies of particular Volumes remain on hand, there is no great Matter, as they may be dispos'd of with a small Discount. 1804 C. Coote Statist. Surv. County Armagh 274 Linen merchants pay a discount of from two and a half to four per cent. for gold. 1837 Penny Cycl. IX. 18/1 The rates of discount in this list vary from 5 to 40 per cent. upon the nominal prices of the different articles. 1862 J. H. Burton Book-hunter (1863) 252 Draw all the profits without discount or percentage. 1930 Publishers' Weekly 19 Apr. 2111 Should traveler's discounts be allowed on pickups? 1947 Manitowoc (Wisconsin) Herald-Times 30 Apr. 8/4 In order to benefit all the proper thing to do would be to offer anything in our large stock at 10% discount. 1960 Edmonton (Alberta) Jrnl. 3 Nov. 2/4 The discount on round-trip first-class fares is to be dropped. 2008 N. Taylor Baltic Cities ii. 30/1 Massive discounts are often available in winter here. 2. figurative. Reduction in or diminution of the value or quality of something; an instance of this. Also: the state of being low in value or esteem; low regard or estimation. ΚΠ 1628 Z. Boyd Last Battell Soule v. 671 The Wicked..shall at Gods Left hand bee standing in disgrace, discount, & discountenance. 1692 T. Budd Expostulation with T. Lloyd, S. Jenings, & Rest 6 If Discount be allowable in this case, why are not G.K.'s hard words discounted against those that have been given to him? 1753 A. Murphy Gray's Inn Jrnl. No. 56. ⁋9 The Peevishness of these my Creditors is a great Discount upon my Happiness. 1794 E. Gunning Packet III. 38 Present fears are a heavy discount on future expectations. 1825 Blackwood's Edinb. Mag. July 49/1 To tear me..from an excellent dinner—the only discount, as I said before, that scoundrel Peasebran ever allows me. 1859 F. Hall Vásavadattá 54 The partiality for Bauddhas..must, very likely, be received with liberal discount. 1891 Rev. of Reviews (N.Y. ed.) May 400/1 This, however, must be taken with considerable discount. 1952 F. L. Mott News in Amer. v. 46 After all the discounts are taken, timeliness remains a chief quality of good reporting. 2007 D. Gildow & O. Chang tr. Sheng Yen Orthodox Chinese Buddhism iii. 86 It is not a celebration of longevity but rather a discount on future happiness. 3. Banking and Finance. a. The amount (usually expressed as a percentage) deducted from the face value of a bill of exchange or promissory note when it is purchased before its maturity date.This was formerly the common method by which banks and discount houses advanced money to businesses. In practice, the discount can be regarded as the interest charged by the purchaser for advancing the value of the bill before it matures. ΘΚΠ society > trade and finance > financial dealings > types of money-dealing > [noun] > use of bills of exchange > discounting > discount discount1633 1633 R. Butler (title) The scale of interest, or proportional tables and breviats shewing the forbearance and discompt of any sums of money for any time. 1707 A. Justice Gen. Treat. Monies 29 The Discompt is not equal in all Countries for the Interest of Money. 1727 D. Defoe Compl. Eng. Tradesman (ed. 2) I. Pref. p. ix The dismal consequences of Usury, high Discount, and paying Interest for money. 1793 C. Smith Let. 20 Dec. (2003) 91 I may..get over this difficulty by getting the Bill discounted at 6 months: tho the sum is such as hardly bears the discount. 1859 B. Smith Arith. & Algebra (ed. 6) 491 We may define the Discount of a sum of money to be the interest of the Present Worth of that sum, calculated from the present time to the time when the sum would be properly payable. 1863 H. Fawcett Man. Polit. Econ. iii. vi. 355 The value of money is considered to be represented by the bank rate of discount. 1920 J. G. Kirk & J. L. Street Bookkeeping Mod. Business v. 221 He then calculates the discount on the amount due at maturity for the unexpired time. 2010 B. N. Shah et al. Textbk. Pharmaceut. Industr. Managem. xxviii. 380 The amount of discount depends upon the rate of interest and the remaining period of the bill. b. The act of discounting a bill or note; the trade or practice of discounting; a transaction of this nature. ΘΚΠ society > trade and finance > financial dealings > types of money-dealing > [noun] > use of bills of exchange > discounting discounting1629 discount1646 note-shaving1809 shaving1813 1646 Ordinance Lords & Commons for Selling Lands of Bishops 17 To keepe Accompt of all Entries, Receipts, Payments, and Discompts whatsoever, which shall be made unto or by the said Treasurers. 1712 W. Howell's Medulla Hist. Angl. (ed. 6) 361 The Loss by Discount of Bills and all other incident Charges. 1761 T. Harper Accomptant's Compan. 97 Bank Money is made Current by the Interest, but Current Money is made Bank by Discount. 1794 Bee 1 Jan. 335 Wantonly stopping the discount of bills in the usual course of business. 1837 J. R. McCulloch Statist. Acct. Brit. Empire II. iii. v. 170 The Scotch banks make their advances partly by discount of bills, and partly by what are termed cash accounts, or cash credits. 1840 W. Irving Time of Unexampled Prosperity in Knickerbocker Mag. Apr. 308 To establish a bank of deposite, discount, and circulation. 1866 A. Crump Pract. Treat. Banking iii. 78 Shall you require either loans or discounts, and to what amount? 1922 Jrnl. Amer. Hist. 16 67 The bank might have branches for deposit and discount wheresoever the directors should see fit to establish them. 2011 G. Park Spending without Taxation v. 126 The Government Finance Index is the total loans and discounts outstanding of the major government financial institutions. 4. Stock Market. The shortfall between the trading price of a financial holding (such as a stock, bond, or investment trust) and the value of its underlying assets. Cf. premium n. 6. ΚΠ 1761 T. Mortimer Every Man his own Broker i. 16 The government annuities selling at a great discount is only a proof of the increase of the value of money. 1786 G. Chalmers Estimate Compar. Strength Great-Brit. (new ed.) 154 These unfunded debts float in the Stock Market at great discount. 1802 Bury & Norwich Post 1 Sept. Omnium opened at 11½ discount. 1866 Shareholder's Guardian 16 May 385/1 They began by ‘bearing’ its shares until they run them down to a discount. 1948 Times 13 Mar. 7/2 The discount on the shares narrowed slightly to 2½ per cent. to 2 per cent. below take-over values. 1969 Kiplinger's Personal Finance Jan. 10/1 The discounts have been reduced or replaced in a few instances by premiums over asset values. 2000 Investor Nov. 67/2 Such an argument is attractive..only if there is a real prospect of the discount narrowing, with the share price rising closer to the asset value. 5. U.S. Billiards. A deduction of one or more counts from one player's score for each count made by the other, given or agreed in recognition of unequal levels of ability; the mode of play in which such a deduction is granted. Frequently with modifying word specifying the size of the deduction, as double discount, treble discount, etc. (see quots. 1857 and 1999). Now historical. ΚΠ 1857 M. Phelan Game of Billiards (ed. 2) 66 In double and treble discount, twice and thrice the amount of his opponent's gains are deducted from the player's score. 1878 Proc. Amer. Acad. Arts & Sci. 1877–8 13 141 In case of a discount, the person who gives the discount loses, moreover, one from his count, when his opponent makes a successful shot. 1897 Borderland Jan. 93/2 Never play billiards? Why, only last week you gave me a discount and a beating. 1914 Hearst's Nov. 576/1 It's a tremendous compliment..to have you object to the double discount. 1999 M. Shamos New Illustr. Encycl. Billiards 82/2 In double discount, twice the number of points scored is deducted from the odds-giver... In grand discount, the odds-giver has his score reset to zero whenever his adversary scores. B. adj. Offered for sale at a discount. Cf. discounted adj. 2. ΘΚΠ society > trade and finance > monetary value > price > discount > [adjective] > subject to discount discount1890 discounted1891 subject1897 1890 Milwaukee (Wisconsin) Daily Jrnl. 22 Mar. 2/2 (advt.) The great closing out sale of special discount goods. 1911 Encycl. Brit. XXII. 630/2 The net system was gradually introduced, net books and discount books being issued side by side. 1949 Billboard 3 Sept. 15/3 Dealers will be permitted to place only one order during September for discount merchandise. 1986 Listener 6 Feb. 42/2 A discount holiday—two weeks to the Costa Cheapo. 2005 LSAT Explained (Get Prepped!) 8 Today, 90 percent of the tickets are discount and 10 percent are full-fare. Phrases at a discount. a. At less than the nominal or usual value or price. Opposed to at a premium (premium n. and adj. Phrases 1). ΘΚΠ society > trade and finance > monetary value > [adverb] > below proper or usual value underfoot1576 under value1608 underhand1617 at a discount1792 1792 J. Belknap Foresters xv. 196 Some grumbling still subsists among those who were obliged to sell their notes at a discount. 1833 H. Martineau Berkeley the Banker i. vi. 120 When its notes were at a discount. 1848 J. S. Mill Princ. Polit. Econ. II. iii. xx. §2 151 The price of bills would fall below par: a bill for 100l. might be bought for somewhat less than 100l., and bills would be said to be at a discount. 1861 G. J. Goschen Theory Foreign Exchanges 5 Though one system of coinage were adopted for all countries, claims on foreign countries would nevertheless vary in price, and would still be either at a premium or at a discount. 1906 Manitoba Morning Free Press 20 Aug. 16/4 (advt.) We were fortunate in securing a traveler's sample lot of the famous Peterson pipes at a discount. 2007 A. Theroux Laura Warholic xi. 147 We have lost moon-sized assloads of advertising, with remnant space we're now forced to sell at a discount. b. figurative. In low esteem, reduced in estimation or regard; unpopular, not in demand. ΘΚΠ the mind > attention and judgement > contempt > [adverb] coarsely1548 slighta1616 at a discount1798 cheaply1822 1798 True Briton 10 July Since the Squadron of Nelson has been in pursuit of him, the French General has been rather at a discount. 1832 T. P. Thompson Exercises (1842) II. 237 ‘Conservative’ principles are at a discount throughout the world. 1842 F. Marryat Percival Keene II. ii. 251 We should be at a pretty discount with the red-coats. 1856 C. Reade It is never too Late III. xxxiii. 324 Servants are at a great premium, masters at a discount, in the colony. 1908 Yale Lit. Mag. June 402 Thoughtful conservatism is at a discount. 1957 F. E. Adcock Greek & Macedonian Art of War i. 11 So far as the decisive battle is between hoplites, light-armed troops are at a discount in citizen armies. 2010 N. T. Wright in Christ & Culture xi. 162 We live in a world..where truth is at a discount. Compounds C1. General attributive and objective (in sense A. 3), as discount accommodation, discount broking, discount business, etc. See also discount house n. 1. ΚΠ 1798 E. H. Bay Rep. Cases Superior Courts S.-Carolina 15 The discount law only extended to liquidated accounts and not to matters sounding in damages. 1854 Bankers' Mag. Mar. 703 The demand for discount accommodation at the bank itself, became greater. 1860 Daily News 30 Apr. 6/3 The course of the discount dealing was then varied. 1876 World No. 117. 5 At to-day's rates there cannot possibly be any appreciable profit in discount business. 1922 D. R. Dewey & M. J. Shugrue Banking & Credit xiii. 182 The banking custom..is to make interest and discount calculations on the assumption that there are 30 days to the month and 360 days to the year. 1996 C. Harvey & J. Press Art, Enterprise & Ethics ii. 28 Discount broking..played a vital role in the development of a national economy in late eighteenth- and early nineteenth-century Britain. C2. attributive. Designating a trader that sells goods below the normal retail price, as discount shop, discount store, etc., or the practice of trading in discounted goods, as discount selling, discount trading; (also more generally) with the sense ‘of or relating to the discounting of goods’, as discount bin, discount voucher, etc. See also discount house n. 2.In early use chiefly with reference to the selling of books at below the normal price. ΚΠ 1885 Country Gentleman 7 Feb. 167/2 Let him invest a shilling in the American jest book—he may get the work for a shilling if he goes to a discount shop. 1889 Spectator 31 Aug. 268/2 Harper's, which discount booksellers sell at 9d. a copy. 1940 Milwaukee (Wisconsin) Sentinel 4 Oct. 14/2 When the manufacturer permits his goods to be distributed through the casual channels of the ‘discount’ shops, he is injuring the regular trade. 1954 Gaz. & Bull. (Williamsport, Pa.) 11 May 17/1 A number of retailers have swung from conventional to discount selling. 1960 Guardian 10 June 7/2 All forms of discount trading are violently denounced by trade associations. 1973 Wednesday Advocate (Newark, Ohio) 19 Sept. 35/4 (advt.) That's what you'll find in the discount bin at Abbott's. 1986 A. R. Kaplan et al. Minnesota Ethnic Food Bk. 238 (caption) Shopping at St. Paul's Country Store, a discount supermarket. 1996 G. Ward Hawaii: Rough Guide ii. iii. 253 Pick up the discount vouchers at the mall entrance. 2009 T. Footman Noughties vii. 105 The 2008 credit crunch didn't help matters, with many customers switching to value lines or discount stores. C3. discount broker n. Banking and Finance (a) a person who, or firm which, procures the discounting of bills of exchange, usually by acting as intermediary; a dealer in bills; (b) a stockbroker who charges a reduced commission on transactions, but does not provide investment advice or other services (opposed to full-service broker). ΘΚΠ society > trade and finance > financial dealings > types of money-dealing > [noun] > use of bills of exchange > one dealing in bills of exchange > discounter discounter1707 shaver1813 note-shaver1816 discount house1832 discount broker1863 bill-discounter1866 1799 F. A. Winsor Prosperity of Eng. 148 The different Money and Discount brokers are always hunting after Paper for discount. 1863 H. Fawcett Man. Polit. Econ. ii. v. 181 Applying to a banker, or discount-broker, for loans. 1973 Wall St. Jrnl. 19 Jan. 1/6 He ‘paid out close to $10,000 in commissions’ to four big brokers in..1972. Then a friend told him about Rose & Co., a Chicago discount broker. 1998 Financial Times 9 Oct. 19/3 He's been widely expected to return to the City, whence he came more than 20 years ago as a discount broker. 2011 S. Fisher & S. Shelly Compl. Idiot's Guide to Stock Investing xv. 188 A discount broker buys and sells stock for you, but does not offer advice, conduct research for you, or provide the other services offered by full-service brokers. discount card n. a card entitling its holder to receive certain goods or services at a discount. ΚΠ 1879 J. Cook Holiday Tour in Europe xlv. 268 An association of makers governing their rates by the usual discount-cards current in trade associations in America. 1922 Baking Industry 15 Apr. 789/2 A baker who did not believe in newspaper advertising worked out a discount card that got for him the business he wanted. 2006 Bristol Evening Post (Nexis) 9 June 10 In some areas there are special discount cards if you are on benefits, saving you a third on fares. discount day n. Banking and Finance (originally and chiefly U.S.) (now historical) a day, esp. a particular day of the week, on which a bank discounts bills of exchange or promissory notes (see discount v. 3a). ΚΠ 1791 Green's Reg. Connecticut 53 Until offices of discount and deposit shall be established, there shall be at least two discount days in every week. 1832 U.S. Weekly Tel. 11 June 369/1 The Messrs. Biddles had had notes discounted for them by the president, which were entered on the books of the preceding discount day. 1876 Austral. Almanac 70 Commercial Banking Company of Sydney... Discount Days, Tuesdays and Fridays. 1921 W. Mack & W. B. Hale Corpus Juris XIV. 402/1 At the next discount day it was made known to the board that the property was clear of encumbrances. 2003 H. Bodenhorn State Banking in Early Amer. ii. 29 The board would meet on its appointed discount day and vote yea or nay on each offered note or bill. discount factor n. Finance a factor which, when multiplied by a particular year's predicted cash flow, brings the cash flow to a present value (present value n. at present adj. and adv. Compounds 3). ΚΠ 1915 H. H. Chapman Forest Valuation v. 56 In the above case, ¹/ _7.1067 gives a discount factor of 0.1407, which means that $1.00 payable in fifty years has a present value, at 4 per cent, of $0.1407. 2000 P. K. Satish in L. Borodovsky & M. Lore Professional's Handbk. Financial Risk Managem. iii. 76 The discount curve reflects the discount factor applicable at different dates in the future. discount market n. Banking and Finance the section of the financial market (esp. that of the City of London) which deals in bills of exchange and other negotiable instruments, consisting chiefly of banks, bill brokers, and discount houses. ΚΠ 1826 Morning Chron. 21 Jan. A period, which the prospect in the Discount Market will render ruinous to some. 1922 W. F. Spalding London Money Market vii. 106 The discount market is one of the most important sections of the London Money Market. 2009 B. Scarlett Performance Operations (CIMA Official Learning System) ix. 419 Commercial paper is negotiable, so the bills can be sold on the discount market at any time before their maturity date. This entry has been updated (OED Third Edition, December 2013; most recently modified version published online March 2022). discountv. (in most senses usually)Brit. /ˈdɪskaʊnt/, U.S. /ˈdɪˌskaʊnt/ (especially in sense 8)Brit. /dɪˈskaʊnt/, U.S. /ˌdɪˈskaʊnt/ Forms: α. 1500s discownt, 1500s– discount. β. 1500s discoumpt, 1600s–1700s discompt. Origin: Formed within English, by derivation; originally modelled on a Spanish lexical item. Etymons: dis- prefix, count v. Etymology: < dis- prefix + count v. (compare forms at that entry), originally (in quot. 1561 at sense 1a) after Spanish descontar (13th cent.). Compare Old French, Middle French desconter , Middle French descompter , French décompter to deduct from a sum due or to be accounted for (1266), Italian †discontare to deduct from a sum due or to be accounted for (1304; apparently rare), and also post-classical Latin discomputare (from 1270 in British sources; from 1293 in continental sources), German diskontieren (late 17th cent., originally and chiefly in sense 3a; after Italian scontare ). Compare also Italian scontare to deduct, subtract (something) (1211 as †skontare ; 1313 in specific sense ‘to deduct from a sum due or to be accounted for’), to offset, pay off (a debt) (1594; < s- ( < classical Latin ex- ex- prefix¹) + contare count v.), whence French escompter (1675 in sense 3a, 1732 in sense 7). Compare later discount n.In sense 4 after discount n. 5. I. To deduct, reduce, or offset a sum or amount. 1. a. transitive. To deduct, subtract. Now rare. ΘΚΠ the world > relative properties > quantity > decrease or reduction in quantity, amount, or degree > deduction > deduct [verb (transitive)] abatec1400 rebate1425 batec1440 minishc1483 diminish?1504 detract1509 detray1509 deduct1524 defalkc1540 defalcate1541 subtray1549 derogate1561 discount1561 deduce?1566 substract1592 to strike off1597 reduct1600 subtract1610 subduct1716 to knock off1811 dock1891 shave1961 minus1963 1561 R. Eden tr. M. Cortés Arte Nauigation ii. xx. sig. G.v Discountyng [Sp. descontando] these yeares, it shall appeare clearely as I say. 1652 M. Nedham tr. J. Selden Of Dominion of Sea 266 By dis-counting 38 years from the year 1051, that year 1012, is sufficiently manifest. 1664 S. Butler Hudibras: Second Pt. ii. iii. 210 All which [Plunder] the Conqu'rer did discompt, To pay for curing of his Rump. a1715 Bp. G. Burnet Hist. Own Time (1724) I. 530 They made such exceptions to those of the other side, that they discounted as many voices as gave them the majority. 1902 J. W. Mills Citrus Fruit Culture 45 Staleness and flavors of age or decay to be discounted from aggregate of points in this division. b. transitive. spec. To deduct from a sum due or to be accounted for. ΘΚΠ society > trade and finance > monetary value > price > discount > deduct as discount [verb (transitive)] > reckon as discount discount1621 1621 Humble Petition Prisoners for Debt in Kings Bench (single sheet) After ten or twentie yeares imprisonment..there is not come one pennie thereby into the Creditors purse, nor one pennie discounted of the Debtors debt. 1696 N. Luttrell Diary in Brief Hist. Relation State Affairs (1857) IV. 93 The Turky merchants have offered to advance a considerable summe to the king, provided it may be discounted out of the customes of their fleet. 1726 R. Newton in L. M. Quiller Couch Reminiscences of Oxf. (1892) 64 Decrements..so call'd as so much did..decrescere, or was discounted from a Scholar's Endowment. 1779 Remembrancer 8 311/1 The colony shall be obliged to advance a sum of money to pay the French troops, which will be discounted from the revenue. 1844 Jrnl. Proc. Senate Florida 21 Feb. 147 That a fine of ten dollars be imposed..and that the amount be discounted out of his pay. 1906 J. A. Robertson tr. J. M. de Zúñiga in E. H. Blair & J. A. Robertson Philippine Islands XLIII. 124 At times..the expense of the wedding was discounted from it [sc. the dowry]. 1989 Sunday Post-Courier (Charleston, S. Carolina) 25 June g17 All typical capitalized expenses normally incurred..will be discounted from the bid price. 1997 D. Goodman Spanish Naval Power (2002) 191 He..asked for money to be given to the wives, discounting it from their husbands' pay. †c. transitive. To reduce the amount of (a debt) by a set-off (see set-off n. 3a). Obsolete. ΚΠ 1713 J. Swift Part of 7th Epist. Horace Imitated 10 Parvisol discounts Arrears, By Bills for Taxes and Repairs. 1774 P. Francis tr. I. de Pinto Ess. Circulation & Credit ii. 82 It is highly to the honor of the Noble Lord now at the head of the treasury, that the idea of discounting the public debt was first adopted in his administration. d. transitive. Originally: to make a reduction of (a specified percentage) from a selling price or sum due. Later: to reduce (a selling price) by means of a discount; (hence) to sell (a product) at a discount. ΘΚΠ society > trade and finance > selling > sell [verb (transitive)] > sell at low price undersell1647 discount1828 slaughter1896 to job off1903 1828 N. Webster Amer. Dict. Eng. Lang. (at cited word) Merchants discount five or six per cent., for prompt or for advanced payment. 1850 Tait's Edinb. Mag. Apr. 234/1 25 per cent. is discounted from the payment of penny news stamps in Ireland, if the purchase be to the value of ten pounds or upwards. 1880 Daily Commerc. Bull. (Chicago) 28 Aug. Sales could hardly be made without discounting prices. 1955 Business Week 10 Sept. 54/2 Till now, a seller could discount his price to the buyer only by the amount that the buyer saved him in cost of distributing his product. 1977 Gramophone June 4 (advt.) Comet have been discounting Hi-Fi since 1968 and that makes us not only the biggest but one of the oldest-established discounters in the UK. 2012 Queensland Times (Nexis) 16 Aug. 8 I hope you supermarkets..are proud of discounting your milk at the expense of many a dairy farmer. †2. intransitive. With for. To bear or defray the cost of something; to offset a debt. Obsolete. ΘΚΠ society > trade and finance > payment > pay money or things [verb (transitive)] > bear or defray the cost of quitc1275 maintaina1425 pay1446 fray1450 abye1503 price?a1513 be1520 to stand to ——1540 disburse1548 defray1581 discharge1587 reimburse1591 discount1647 to be at the charge(s of1655 to pay off1711 stand1808 pop1947 1647 in J. Rushworth Hist. Coll.: 4th Pt. (1701) II. 1025 Public monies which..Mr. Thornton had no ways satisfied or discounted for before his death. 1687 R. L'Estrange Brief Hist. Times I. 159 Discounting All this while, for what we have Receiv'd from the Westminster-Insurance Offices, upon the Whole Charge. 1690 J. Dryden Don Sebastian iii. i. 51 My Prayers and Penance shall discount for these, And beg of Heav'n to charge the Bill on me. 3. a. transitive. To pay the value of (a bill of exchange or promissory note) before its maturity date, with a deduction equivalent to the interest at a certain percentage for the time which it has still to run. Also: (of the holder) to obtain cash for (a bill or note) before its maturity date, with such a deduction. Cf. discount n. 3. ΘΚΠ society > trade and finance > financial dealings > types of money-dealing > [verb (transitive)] > use bills of exchange protest1479 retire1610 imprest1617 to take up1655 honour1664 discount1671 indulge1766 dishonour1811 cover1866 sight1866 protect1884 1671 July 18. 1671: Tryal before Ld. Chief Justice Hales 15 Some Factors (designing to make an advantage by Failure) having Bills sent them to receive for other mens Accompts, do negotiate, or rather discount the Bills with Goldsmith-Bankers. 1694 London Gaz. No. 3008/4 Foreign Bills of Exchange will be Discounted after the Rate of Four and half per Cent. per Annum. 1727 D. Defoe Compl. Eng. Tradesman (ed. 2) I. Suppl. ii. 28 The seller had a supply by Discounting the Bills. 1780 R. B. Sheridan School for Scandal iii. ii. 34 Did you get that little bill discounted for me? 1814 T. Jefferson Let. 16 Jan. in Writings (1855) VI. 295 I am an enemy to all banks discounting bills or notes for anything but coin. 1848 J. S. Mill Princ. Polit. Econ. iii. xi. §4 A bill of exchange, when merely discounted..does not perform the functions..of money, but is itself bought and sold for money. 1878 W. S. Jevons Polit. Econ. 114 A banker will..discount such a bill, that is, buy it up for the sum due, after subtracting interest..for the length of time the bill has to run. 1964 Economist 26 Sept. 1267/2 Making up a parcel of bills and getting them discounted in the discount market. 1992 Financial Times 10 Aug. 4/8 It has barred banks from re-discounting bills already discounted by non-banking financial companies. 2006 D. M. Weiss After Trade is Made (ed. 3) ii. 81 Minnie must discount the bill at a higher rate, thereby receiving less than she expected. b. intransitive. To pay the value of a bill or note before its maturity date with a deduction of interest; to advance or lend money in this way. Also of the holder of a bill or note: to obtain cash with such a deduction. ΘΚΠ society > trade and finance > financial dealings > types of money-dealing > [verb (transitive)] discount1682 1682 J. Scarlett Stile of Exchanges xvi. 120 To Discount or to Rescounter is good and sufficient payment, if it be of a due and liqued Debt. 1748 Ess. upon Publick Credit (ed. 2) 15 Absolutely refusing to discount for the Jews, under pretence that they were exporting the Cash of the Kingdom. 1788 Gentleman's & London Mag. Oct. 547/1 The bank discounts at 5 per cent. 1819 Niles' Weekly Reg. 6 Feb. 439/1 If the said bank shall be willing to discount, and shall not have the required amount of good paper offered within the term of 60 days, [etc.]. 1861 U.S. vs. A. Castillero 3272 The holders shall be at liberty to discount with whomsoever they choose. 1902 Encycl. Brit. XXVI. 118/1 If the Reichsbank discounts below the official rate, it is to announce that fact in the Gazette. 1940 Rotarian Sept. 56/2 By discounting, a company improves its bank standing so that it can borrow in order to continue to discount. 2007 A. Plessis in P. L. Cottrell et al. Centres & Peripheries in Banking vii. 147 Such establishments were not authorized to discount within other cities where a departmental bank already existed. c. transitive. To deduct (interest) on receiving the amount of a bill or before it is due. Now historical. ΘΚΠ society > trade and finance > monetary value > price > discount > [verb (intransitive)] > discount interest for early payment discount1684 1684 London Gaz. No. 1945/4 Because it may be some conveniency..to have present Money, if they please to discount Interest, they may have it at the Office. 1701 London Gaz. No. 3708/4 The whole Loss being to be paid by the Undertakers within 60 days.., or sooner upon discounting the Interest. 1794 D. Wilkie Theory of Interest ii. 19 What is the present value of a bill of L. 285, 10 s. due 95 days hence, discounting interest at 5 per cent. 1829 Encycl. Americana I. 553/1 Creditors, whose debts are not due, are allowed to prove them, discounting interest. 1889 Ann. Rep. Bureau of Statistics of Labor & Industry New Jersey 488 Loans have been made by discounting interest at 6 per cent. 1967 Virginia Law Rev. 53 338 Discounting interest on a full year's note may be permissible, especially if it is the established custom. 2000 Econ. Hist. Rev. 53 62 Despite the difficulty of discounting interest precisely, it is clear that the exchange value of sterling was frequently also above mint par. 4. transitive. U.S. Billiards. To allow a discount (discount n. 5) to (an inferior player); to deduct (a count) from one's score by way of a discount. Now rare. ΚΠ 1857 M. Phelan Game of Billiards (ed. 2) 66 When a player is so much the superior of another that he allows all the counts made by his opponent to be deducted from his own reckoning, he is said to ‘discount’ his adversary's gains. 1890 Pulaski County (Winamac, Indiana) Democrat 29 Jan. We played and I beat him... Then I discounted him and beat him again. 1903 N.Y. Times 21 Oct. 10/2 Winfield S. Bash discounted his opponent, George W. Brockway, in the afternoon match. II. Figurative senses. †5. transitive. To give up or surrender (something) in exchange for something of lesser value; to part with (a future benefit or advantage) for some present consideration. Obsolete.In quot. 1648: to give in advance against a future benefit or advantage. ΘΚΠ the mind > possession > relinquishing > relinquish or give up [verb (transitive)] forsakec893 forlet971 to reach upOE agiveOE yield?c1225 uptake1297 up-yield1297 yield1297 deliverc1300 to-yielda1375 overgivec1384 grant1390 forbeara1400 livera1400 forgoc1400 upgive1415 permit1429 quit1429 renderc1436 relinquish1479 abandonc1485 to hold up?1499 enlibertyc1500 surrender1509 cess1523 relent1528 to cast up?1529 resignate1531 uprender1551 demit1563 disclaim1567 to fling up1587 to give up1589 quittance1592 vail1593 enfeoff1598 revoke1599 to give off1613 disownc1620 succumb1632 abdicate1633 delinquish1645 discount1648 to pass away1650 to turn off1667 choke1747 to jack up1870 chuck up (the sponge)1878 chuckc1879 unget1893 sling1902 to jack in1948 punt1966 to-leave- 1648 W. Montagu Miscellanea Spiritualia xiv. iii. 188 The dignity and present delight of this noble love..were an unthrift anticipation in this our minority, and were to be discounted to us out of our future estate of loving. 1702 S. Parker tr. Cicero Five Bks. De Finibus 237 To relinquish himself, to discount his Body, and take up with a Summum Bonum Uncommensurate to the Whole of his Person. 1855 Fraser's Mag. Feb. 157/2 Discounting immortality for pottage. 1869 Sat. Rev. 7 Aug. 183/1 The architectural future of London is to be discounted in favour of the Embankment. 6. transitive. To reduce in value, diminish; to deduct or detract from, lessen. Now rare. ΚΠ 1716 M. Davies Crit. Hist. 26 in Athenæ Britannicæ III The Jacobits unaccountable Schism has been thoroughly discounted by our learned Dr. Turner. 1768 Woman of Honor I. 165 In this light..how much would [they] have to discount of their boasts of having had a number of women as worthless as themselves? 1880 Daily News 23 Sept. Acquaintance from books with the place to be visited ‘discounts’ the enjoyment of the visit. 1890 Literary World 20 Dec. 500/3 In reviewing a work of fiction, don't give away the plot... It discounts the pleasure of the reader. 1920 T. A. Dymes Nature-study of Plants x. 150 The smallness of the blossoms of the annuals rather discounts their attractions for the hobby-botanist. 7. transitive. To take (an event, etc.) into account beforehand, thus lessening its effect, interest, or importance when it takes place. Also: to settle or account for beforehand. ΘΚΠ the mind > mental capacity > expectation > expect [verb (transitive)] > take into account to reckon with (also without)1622 contemplate1792 reckon1824 discount1828 1828 Times 2 Sept. 2/5 The city speculators reason in this manner, and according to their usual practice are discounting the event of an armistice..on the mere probability that it will occur. 1851 J. H. Newman Lect. Present Position Catholics Eng. 329 Absolution for a week! then it seems, she has discounted, if I may so speak, her prospective confessions, and may lie, thieve, drink, and swear for a whole seven days with a clear conscience. 1860 Sat. Rev. 9 825/1 His father discounted and exhausted the policy of perfidious concession. 1882 R. Bithell Counting-house Dict. (at cited word) To discount news or intelligence, a cant phrase much used in City circles, is to anticipate or expect such intelligence, and then act as though it had already arrived. a1884 M. Pattison Mem. (1885) 214 Nor had his [sc. Newman's] perversion, so long looked for, and therefore mentally discounted, at all fallen upon me like a blow. 1918 Everybody's Mag. June 93/2 Orme was giving him, deliberately, tasks hopeless of accomplishment. Orme was discounting his inevitable failure, turning that failure to account, [etc.]. 1985 Washington Post (Nexis) 5 Feb. c3 The financial markets already had discounted the budget because of leaks. 2001 H. Masover Value Investing in Commodity Futures iv. 42 The market had already gone up a good deal in anticipation of the rate drop. In market terms, the market had already ‘discounted’ the event. 8. transitive. To leave out of account; to disregard or rule out as unreliable, false, or irrelevant. Also: to give little credence to. ΘΚΠ the mind > attention and judgement > inattention > ignoring, disregard > ignore, disregard [verb (transitive)] > dismiss from consideration to put out of ——a1250 to lay awaya1400 to set asidec1407 to lay by1439 to lay asidec1440 to let (something) walkc1450 to set apart?1473 reject1490 seclude?1531 to let go1535 to put offc1540 to set by1592 sepose1593 to think away1620 to look over ——a1640 prescind1650 seposit1657 decognize1659 inconsider1697 to set over1701 shelf1819 sink1820 shelve1847 eliminate1848 to count out1854 discounta1856 defenestrate1917 neg1987 a1856 W. Hamilton Lect. Metaphysics (1859) II. xl. 402 Of the three opinions, (I discount Brown's), under this head, one supposes [etc.]. 1876 E. Mellor Priesthood iv. 172 To discount from the teaching of Christ the words ‘eat’ and ‘drink’, as modal terms..is to relinquish the literal interpretation. 1883 C. J. Wills In Land of Lion & Sun 315 After a time one learns to mentally discount the statements made by the natives. 1929 Accounting Rev. 4 18/1 No management discounts the value of experienced advice in product design. 1975 A. Beyer Picking Winners iv. 86 When I evaluate a horse who ran well with the track bias in his favor, I discount that performance almost completely. 2008 J. L. Bastien Ghosts of Mt. Holly 87 We can discount a lot of the claims that have been made about the Underground Railroad. This entry has been updated (OED Third Edition, December 2013; most recently modified version published online March 2022). < n.adj.1622v.1561
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