Online Encyclopedia
Make a correction
Your email address will not appear on the site. Note, comments may take some time to be approved.
Back to article:
DISCOUNT
Your email:
Article name:
Article content:
DISCOUNT. (I) A money-market term for the price paid in order to obtain immediate realization of a bill not yet due. If a bill for £xoo due six months hence is discounted at the rate of 3 % per annum, its holder will obtain £q8, ros. in cash for it. (2) A Stock-Exchange term applied to a security, not fully paid, which has fallen below its issue price, and so is said to stand at so much discount. See PREMIUM.