Main Entry: ¹dis·count

Pronunciation: \ˈdis-ˌkau̇nt\

Function: noun

Date: 1622

1 : a reduction made from the gross amount or value of something: as a (1) : a reduction made from a regular or list price (2) : a proportionate deduction from a debt account usually made for cash or prompt payment b : a deduction made for interest in advancing money upon or purchasing a bill or note not due
2 : the act or practice of discounting
3 : a deduction taken or allowance made