| 单词 | discount |
| 释义 | discount A difference in prices. A cash discount or a discount for prompt payment is a reduction in price allowed to customers who pay cash, or pay promptly. A security stands at a discount if its present market price is below the price at which it is due to be redeemed. The present discounted value of payments due to be received at a future date is found by reducing them by a percentage per period, for each period by which the receipt is delayed. Discounting bills of exchange means buying at a reduced price the right to receive payment when it becomes due. Discount houses are financial institutions which specialize in discounting bills. See also: cash discount and quantity discount |
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