Legal Definition and Related Resources of Discount

Meaning of Discount

An allowance or deduction made from a gross sum on any account whatever. Relating to bills of exchange , it denotes the sum of money deducted from its face value in consideration of its payment before the stipulated time.

Discount Alternative Definition

In Contracts. Interest reserved from the amount lent at the time of making a loan. An allowance sometimes made for prompt payment. As a verb, it is used to denote the act of giving money for a bill of exchange or promissory note, deducting the interest. The taking legal interest in advance is not usurious; but it is only allowed for the benefit of trade, and where the bill or note discounted is meant for circulation, and is for a short term. 2 Cow. (N. Y.) 678, 712; 3 Wend. (N. Y.) 408. There is a difference between buying a bill and discounting it. The former word is used when the seller does not indorse the bill, and is not accountable for its payment. See Poth. de I’Usure, note 128; 3 Pet. (U.S.) 40; Blydenburgh, Usury; Sewell, Banking. In Practice. A set-ofl or defalcation in an action. Viner, Abr.

Financial Definition of Discount

Referring to the selling price of a bond, a price below its par value. Related: premium.

International Trade Meaning and Definition of Discount

If a bond is selling below its face value, it is said to sell at a discount.

Legal Definition of Discount

The amount by which a preferred stock or bond may sell below its par value. Also used as a verb to mean &takes into account& as the price of the stock has discounted the expected dividend cut. (See: Premium)

Synonyms of Discount

(Disbelieve), verb

  • be indifferent to
  • belittle
  • brush aside
  • decessio
  • deductio
  • depreciate
  • discountenance
  • discredit
  • disdain
  • disesteem
  • disparage
  • disregard
  • distrust
  • doubt
  • gloss over
  • harbor suspicions
  • ignore
  • make light of
  • misprize
  • mistrust
  • pass over
  • pay no attention
  • pay no heed
  • pay no mind
  • question
  • slight
  • spurn
  • suspect

(Minimize), verb

  • abate
  • abbreviate
  • abridge
  • allay
  • attenuate
  • condense
  • curtail
  • deflate
  • detract
  • diminish
  • lessen
  • minimalize
  • pare
  • reduce
  • render less
  • scale down
  • shorten
  • underestimate
  • understate
  • undervalue

(Reduce), verb

  • abate
  • allow a margin
  • cut
  • decrease
  • deduct from
  • depreciate
  • detract
  • lower
  • lower the sale price
  • make allowance for
  • mark down
  • rebate
  • reduce the markup
  • sell below par
  • slash prices
  • strike off
  • subduct
  • subtract
  • take from
  • take off
  • underprice
  • undersell
  • undervalue


  • abatement
  • allowance
  • amount deducted
  • bargain
  • decessio
  • decrease
  • decrement
  • deductio
  • deduction
  • diminution
  • lower price
  • markdown
  • reduction
  • special price
  • subtraction
  • Associated Concepts: discount a loan
  • discount bills
  • discount notes
  • trade discount

Related Entries of Discount in the Encyclopedia of Law Project

Browse or run a search for Discount in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Discount in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Discount in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Discount in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:

Mentioned in these terms

Balance, , Factoring, Habendum, Purchase, Rebate, Reside, Slander Per Quod, Trade Acceptance.


You might be interested in these references tools:

Resource Description
Discount in the Dictionary Discount in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Discount
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Related topics Discount in the World Encyclopedia of Law


This definition of Discount is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)

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Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies
The URI of Discount (more about URIs)

Discount Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Discount in a way that is easy for anybody to understand: Reduction from the full amount of a price or DEBT.

Concept of Discount in the context of Real Property

A short definition of Discount: The difference between face value of an installment note and mortgage or deed of trust, and the present cash value.

Concept of Discount in the context of Real Property

A short definition of Discount: The difference between face value of an installment note and mortgage or deed of trust, and the present cash value.

Meaning of Discount in Spanish

Description/ translation of discount into Spanish: rebaja (en la pena solicitada)[1]

Note: for more information on related terms and on the area of law where discount belongs (criminal procedure law), in Spanish, see here.

Notes and References

  1. Translation of Discount published by Antonio Peñaranda


Legal English Vocabulary: Discount in Spanish

Online translation of the English legal term discount into Spanish: descuento (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus



See Also

  • Finance
  • Consumer Credit
  • Negotiable Instrument
  • Securities
  • Financial Regulation
  • Corporate Finance


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