Discounts
/ˈdɪskaʊnts/
Definitions
- (n.) Allowances or reductions in price given by a seller to a buyer, often for prompt payment or volume purchases.
The retailer offered discounts to customers who paid their invoices early.
- (v.) To reduce the value of a payment or financial instrument by deducting interest or fees before payment is made.
The bank discounts the promissory note before its maturity date.
Forms
- discount
Related terms
See also
Commentary
In legal context, distinguish between discounts as price reductions and as financial instruments adjustments; clarity in drafting avoids ambiguity over terms of payment.
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.