What does discount mean?

to deduct a certain amount from (a bill, charge, etc.): All bills that are paid promptly will be discounted at two percent. to offer for sale or sell at a reduced price: The store discounted all clothing for the sale. to advance or lend money with deduction of interest on (commercial paper not immediately payable).

What does a 20% discount mean?

For example, a percentage discount of 20% would mean that an item that originally cost $100 would cost $20 less and would now cost $80. This is common with promotional and seasonal sales, as a way of encouraging consumers to buy an item at a reduced cost. The old version, the simple discount calculator, is also available.

Who gets a discount if a company pays a premium?

A discount allowed by the company for the punctual payment of premiums belongs not to the agent, but to the insured. During the war the government often obtained ready money by issuing bills at 20 per cent discount. This neglect of a welcome seemed sadly to discount the value of the great hysterical demonstrations made when the troops departed.