Meaning & Definition of word "Discount"
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Discount
/ˈdɪs.kaʊnt/
noun:
- 1. A reduction in the usual price of something.
- Example: The store is offering a 20% discount on all winter clothing.
- 2. An amount deducted from a total or price.
- Example: She received a discount for buying in bulk.
- 3. A decrease in the value of an asset or a reduction in the expected cash flow.
- Example: The discount on the bond reflects the risk associated with it.
verb:
- 1. To reduce the price of something.
- Example: The manager decided to discount the tickets to attract more customers.
- 2. To regard something as unworthy of consideration, to dismiss.
- Example: He discounted her opinion without giving it any thought.
Etymology
From Middle English 'discounten', from Old French 'discompter', from Latin 'discomputare' ('to subtract').
Common Phrases and Expressions
student discount:
A reduced price offered specifically to students.
early bird discount:
A price reduction for those who purchase or commit early.
bulk discount:
A price reduction given for purchasing in large quantities.
seasonal discount:
A temporary price reduction occurring during a specific season.
flash sale discount:
A substantial price reduction for a very short period.
Related Words
rebate:
A return of part of the purchase price.
markdown:
A reduction in the listed price.
sale:
The exchange of a product for money, typically at a lower price.
Slang Meanings of discount
Meaning: A sweet deal or steal.
Example Sentence: I got this jacket for $30! What a discount!
Meaning: A special offer or promotion.
Example Sentence: They have a special discount going on a new phone.