Discount
/ˈdɪskaʊnt/
Definitions
- (n.) A reduction from the usual cost or price of something.
The store offered a 10% discount on all merchandise.
- (v.) To deduct an amount from the total price or value; to allow a reduction.
The seller discounted the price by $50 to close the deal.
Forms
- discounts
- discounted
- discounting
Related terms
See also
Commentary
Often used in contracts to specify price reductions; clarify whether discounts are cumulative or exclusive.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.