arithmetical discount

noun

Definition of arithmetical discount

: the interest discounted in advance on a note and computed on the principal of the note the arithmetical discount on a $1000 note for one year at 5% is $47.62

called also true discount

— compare bank discount

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Dictionary Entries Near arithmetical discount

arithmetic

arithmetical discount

arithmetical sum

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Cite this Entry

“Arithmetical discount.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/arithmetical%20discount. Accessed 8 Aug. 2022.

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