| 释义 |
`1`Discount `2`
"Legal Lexicon":
DISCOUNT - A set off, or defalcation in an action.
Contracts. An allowance made upon prompt payment in the purchase of goods; it is also the interest allowed in advancing money upon bills of exchange, or other negotiable securities due at a future time And to discount, signifies the act of buying a bill of exchange or promissory note for a less sum than that which is payable upon its face.
Among merchants, the term used when a bill of exchange is transferred, is that the bill is sold, and not that it is discounted. --b-- |