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Saturday, May 4th, 2024
the Fifth Week after Easter
the Fifth Week after Easter
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Bible Encyclopedias
Discount
1911 Encyclopedia Britannica
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(1) A money-market term for the price paid in order to obtain immediate realization of a bill not yet due. If a bill for £roo due six months hence is discounted at the rate of 3% per annum, its holder will obtain X98, 10s. in cash for it. (2) A Stock-Exchange term applied to a security, not fully paid, which has fallen below its issue price, and so is said to stand at so much discount. See Premium.
Copyright Statement
These files are public domain.
These files are public domain.
Bibliography Information
Chisholm, Hugh, General Editor. Entry for 'Discount'. 1911 Encyclopedia Britanica. https://www.studylight.org/encyclopedias/eng/bri/d/discount.html. 1910.
Chisholm, Hugh, General Editor. Entry for 'Discount'. 1911 Encyclopedia Britanica. https://www.studylight.org/encyclopedias/eng/bri/d/discount.html. 1910.
