Webster's English Dictionary

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discount

1. dis.count \'dis-.kau.nt\ n 1: a reduction made from the gross amount or 
   value of something : as  1a1: a reduction made from a regular or list price 
    1a2: a proportionate deduction from a debt account usu. made for cash or 
   pr ompt payment 1b: a deduction made for interest in advancing money upon 
   or purchasing a b ill or note not due : payment in advance 2: the act of 
   discounting  3: a deduction taken or allowance made  : below the nominal 
   value or regular price  - at a discount 
2. dis.count \'dis-.kau.nt, dis-'kau.nt\ vb [modif. of F de`compter, fr. OF 
   desconter, fr. ML discomputare)X, fr. L dis- + computare to count 1a: to 
   make a deduction from usu. for cash or prompt payment  1b: to sell or offer 
   for sale at a discount  2: to lend money on after deducting the discount  
   3a: to leave out of account : DISREGARD  3b: to underestimate the 
   importance of : MINIMIZE  3c1: to make allowance for bias or exaggeration 
   in  3c2: to view with doubt : DISBELIEVE  3d: to take into account (as a 
   future event) in present calculations  : to give or make discounts