Discount

Definition - Noun
: a reduction made from the gross amount or value of something: as
a  : a reduction made from a regular or list price or a proportionate deduction from a debt account usu. made for prompt payment or for payment in cash
b  : a reduction made for interest in advancing money upon or purchasing a note not yet due
c  : a reduction in the price of a bond
see also discount bond at bond
d  : the sale of securities that are issued below and redeemed at face value
compare premium
Pronunciation'dis-"kau'nt

Definition - Transitive Verb
1 a  : to make a deduction from usu. for cash or prompt payment
b  : to sell or offer at a lowered price
2  : to lend money on after deducting a discount <banks ~ negotiable instruments>
3  : to take into account (a future event or prospect) in making present calculations
: to give or make discounts
Pronunciation'dis-"kau'nt, dis-'kau'nt

Definition - adj
1 a  : selling goods or services at a discount <a ~ broker>
b  : offered or sold at a discount <~ securities>
2  : reflecting a discount <the ~ price>
Pronunciation'dis-"kau'nt

Pronunciation Key

  • \&\ as a and u in a b ut
  • \[^&]\ as e in kitt en
  • \&r\ as ur and er in f urther
  • \a\ as a inash
  • \A\ as a in ace
  • \?\ as o in m op
  • \au\ as ou in ou t
  • \ch\ as ch in ch in
  • \e\ as e in bet
  • \E\ as ea in easy
  • \g\ as g in go
  • \i\ as i in hit
  • \I\ as i in ice
  • \j\ as j in job
  • \[ng]\ as ng in sing
  • \O\ as o in go
  • \o\ as aw in law
  • \oi\ as oy in boy
  • \th\ as th in thin
  • \[th_]\ as thin the
  • \?\ as oo in loot
  • \u\ as oo in foot
  • \y\ as y in yet
  • \zh\ as si in vision


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Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com		 Merriam-Webster

choate lien

a lien that requires no further action to be made enforceable and that identifies the lienor, the property subject to the lien, and the amount of the lien


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