discountern.
/dɪsˈkaʊntə/, /ˈdɪskaʊntə/, U.S. /ˈˌdɪˈˌskaʊn(t)ər/ 1. Banking and Finance. A person who, or firm which, discounts a bill of exchange, promissory note, or other negotiable instrument. Cf. discount v. 3.bill-discounter: see bill n.3 Compounds 2a(c).
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
1707 A. Justice Gen. Treat. Monies ix. 346 In the Discounting of a Bill of Exchange, the Discounter is absolutely looked upon as Drawer.
1727 D. Defoe Compl. Eng. Tradesman (ed. 2) I. Suppl. ii. 30 These Discounters of Bills are sometimes Bit.
1791 E. Burke Let. to Member National Assembly in Wks. (1823) VI. 17 The whole gang of usurers, pedlars, and itinerant Jew-discounters.
1848 J. S. Mill Princ. Polit. Econ. iii. xi. §4 A bill of exchange..discounted, and kept in the portfolio of the discounter until it falls due.
1861 G. J. Goschen Theory Foreign Exchanges 38 The purchaser of the bills in this case takes the place of the discounter of accommodation paper.
1884 Law Rep.: Chancery Div. 26 134 The discounter, whether of a bill, or bond, or any other security, becomes the owner.
1937 Financial Times 24 Apr. 6/7 These special tenders are not repressed by a rate of discount which is barely profitable to a commercial discounter.
2004 E. Bishop Finance of Internat. Trade ii. 16 The discounter will calculate interest for the days remaining until maturity.
2. A merchant who offers goods or services at a discount; esp. a large retail store, or chain of stores, which sells a wide range of goods at a lower cost than in smaller, specialist stores.
ΘΚΠ
society > trade and finance > trader > [noun] > one involved in discount trading
discounter1919
1919 Bull. Pharmacy July 270/2 The discounters during the first six months of the year average a little over 40 per cent.
1921 A. Wall Analyt. Credits v. 246 It is essential for him to be known in the trade as a discounter.
1964 Times Rev. Industry Apr. 72/3 Retailers of other merchandise, such as shoes, jewellery, [etc.]..have also sought to cut their losses by leasing departments from discounters.
1986 PC Mag. 11 Nov. 87/2 The store owners complain and moan about the discounters and mail-order guys.
2012 Irish Independent (Nexis) 21 Aug. German discounters Lidl and Aldi..continue to power ahead in a more austere climate.
This entry has been updated (OED Third Edition, December 2013; most recently modified version published online March 2022).
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n.1707