what is discount(dr)
Answers
A discount allowed is when the seller of goods or services grants a payment discount to a buyer. This discount is frequently an early payment discount on credit sales, but it can also be for other reasons, such as a discount for paying cash up front, or for buying in high volume, or for buying during a promotion period when goods or services are offered at a reduced price. It may also apply to discounted purchases of specific goods that the seller is trying to eliminate from stock, perhaps to make way for new models.
Answer:
The noun ‘discount’ means a deduction from the usual price of something. The verb ‘to discount’ means to deduct an amount, usually from the price of something.
The term can also mean to decide that somebody or something is not worth giving attention or considering. For example, if I say “We discounted fears of a computer system breakdown on new year’s day,” it means that I have eliminated that possibility.