\Dis"count`\ (?; 277), v. t. [imp. & p. p.
{Discounted}; p. pr. & vb. n. {Discounting}.] [OF. desconter,
descompter, to deduct, F. d['e]compter to discount; pref.
des- (L. dis-) + conter, compter. See {Count}, v.]
1. To deduct from an account, debt, charge, and the like; to
   make an abatement of; as, merchants sometimes discount
   five or six per cent for prompt payment of bills.
2. To lend money upon, deducting the discount or allowance
   for interest; as, the banks discount notes and bills of
   exchange.
         Discount only unexceptionable paper.  --Walsh.
3. To take into consideration beforehand; to anticipate and
   form conclusions concerning (an event).
4. To leave out of account; to take no notice of. [R.]
         Of the three opinions (I discount Brown's). --Sir W.
                                               Hamilton.

\Dis"count`\ (?; 277), v. i.
To lend, or make a practice of lending, money, abating the
discount; as, the discount for sixty or ninety days.

\Dis"count`\, n. [Cf. F. d['e]compte. 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.