DISCOUNT

discount. Discount, v.t. to draw or pay back, to deduct, to lend the amount of, deducting the interest at the time

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Dis″count′ (?; 277), v. t. [imp. & p. p. Discounted; p. pr. & vb. n. Discounting.] [[OF. desconter, descompter, to deduct, F. décompter to discount; pref. des- (L. dis-) + conter, compter. See Count, v.]] 1. 1. 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.
2. 2. To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
Discount only unexceptionable paper. Walsh. 3. 3. To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
4. 4. To leave out of account; to take no notice of.
Of the three opinions (I discount Brown's). Sir W. Hamilton.