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DISCOUNT . (I) A See also:money-See also:market See also:term for the See also:price paid in See also:order to obtain immediate realization of a See also:bill not yet due . If a bill for £xoo due six months hence is discounted at the See also:rate of 3 % per annum, its holder will obtain £q8, See also:ros. in See also:cash for it . (2) A Stock-See also:Exchange term applied to a See also:security, not fully paid, which has fallen below its issue price, and so is said to stand at so much discount . See See also:PREMIUM . |
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