WordDictionary

Adjective:

• Of a store, specializing in goods at reduced prices.
• Of goods, available at reduced prices; discounted.

Noun:

• A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
• A reduction in price.
• The rate of interest charged in discounting.

Verb:

• To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.
• To leave out of account; to take no notice of.
• To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
• To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
• To take into consideration beforehand; to anticipate and form conclusions concerning (an event).