2. A deduction made for interest, in advancing money upon, or
purchasing, a bill or note not due; payment in advance of
interest upon money.
3. The rate of interest charged in discounting.
{At a discount}, below par, or below the nominal value;
hence, colloquially, out of favor; poorly esteemed;
depreciated.
{Bank discount}, a sum equal to the interest at a given rate
on the principal (face) of a bill or note from the time of
discounting until it become due.
{Discount broker}, one who makes a business of discounting
commercial paper; a bill broker.
{Discount day}, a particular day of the week when a bank
discounts bills.
{True discount}, the interest which, added to a principal,
will equal the face of a note when it becomes due. The
principal yielding this interest is the present value of
the note.
2. To lend money upon, deducting the discount or allowance
for interest; as, the banks discount notes and bills of
exchange.
Discount only unexceptionable paper. --Walsh.
3. To take into consideration beforehand; to anticipate and
form conclusions concerning (an event).
4. To leave out of account; to take no notice of. [R.]
Of the three opinions (I discount Brown's). --Sir W.
Hamilton.