Lectionary Calendar
Thursday, November 21st, 2024
the Week of Proper 28 / Ordinary 33
the Week of Proper 28 / Ordinary 33
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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.
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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.