Defn: To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
DISCOUNT
Dis"count`, n. Etym: [Cf. F. décompte. See Discount, v. t.]
1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.
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.
DISCOUNTABLE
Dis*count"a*ble, a.
Defn: Capable of being, or suitable to be, discounted; as, certain forms are necessary to render notes discountable at a bank.
DISCOUNTENANCE Dis*coun"te*nance, v. t. [imp. & p. p. Discountenanced; p. pr. & vb. n. Discountenancing.] Etym: [Pref. dis- + countenance: cf. OF. descontenancer, F. décontenancer.]
1. To ruffle or discompose the countenance of; to put of countenance; to put to shame; to abash. How would one look from his majestic brow . . . Discountenance her despised! Milton. The hermit was somewhat discountenanced by this observation. Sir W. Scott.
2. To refuse to countenance, or give the support of one's approval to; to give one's influence against; to restrain by cold treatment; to discourage. A town meeting was convened to discountenance riot. Bancroft.