discount, discompt

[O. Fr. descompte; Fr. décompte; Port. desconto; Sp. descuento, from Low Lat. dis com put us: Lat. dis away, apart, and computus =a reckoning.] I. Ord . Lang.: In the same sense as II. "They were glad to find some usurer who would purchase their tickets at forty per cent discount."- Macau lay: Hist. Eng . , ch. iii. II. Technically : tion, inconsistency. "In this sayinge appereth some discord a unce with other writers."- Fabyan , vol. i., pt. vi., ch. cexiii. discordant, *des-cord-aunt, *dis-cordaunt, a . [Fr. discordant ; Lat, disc or dans .] 1. Disagreeing, not in accord, inconsistent; not conformable. "Hither conscience is to be referred; if by a compari. son of things done with the rule there be a consonancy, then follows sentence of approbation; if discordant from it, the sentence of condemnation." -Hale : Origin of Mankind. 2. Banking : (1) A charge made at a certain rate per cent for the interest of money advanced on a bill or other document due at some future time. This charge the discounter of the bill, ., deducts from the amount of the bill, handing over the balance to the borrower; a deduction from the present value of a security, the payment of which is postponed. The rate of discount depends on, and is regulated by, the market value of money. "As the market tightens, the rate of discount rises." Rogers: Political Economy , p. 147. IMG:content-0055.png:[blocks in formation] IMG:content-0056.png:[blocks in formation] (3) To take into consideration or estimate beforehand; to anticipate and expect. Thus to discount news or intelligence is to anticipate or look for such news, and then act as though it were already known for certain. "Every change in that series of events would be dis counted and speculated about on every Stock Exchange in England, and perhaps in the world."- British Quarterly Review, vol. lvii. (1873), p. 386. *(4) To pay back, to make amends or atonement. "My prayers and penance shall discount for these." Dryden: Don Sebastian , iii. 1. II. Technically : 1. Comm.: To deduct or allow a certain sum from a bill or account due, for ready money. 2. Banking : To lend or advance the amount of a bill or other document due at some future date, deducting the interest at a certain rate per cent. from the principal: it is really to buy from the holder of a bill, note, ., the right to receive the money due upon it. "No great increase can be suddenly made in the amount of capital available for discounting bills."-Rogers: Politi cal Economy, p. 147. B. In trans.: To lend or advance money on bills and other documents, due at some future date, deducting the interest at the time of making the advance.