discount allowed


discount allowed
A discount granted by a company to a client, for example for a bulk purchase or a prompt payment. It is shown as an expense in the profit and loss account

Accounting dictionary. 2014.

Look at other dictionaries:

  • discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… …   Black's law dictionary

  • discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… …   Black's law dictionary

  • discount — 1) A deduction from a bill of exchange when it is purchased before its maturity date. The party that purchases (discounts) the bill pays less than its face value and therefore makes a profit when it matures. The amount of the discount consists of …   Accounting dictionary

  • Discount theater — Discount theaters, also known as dollar theatres, dollar movies, second run theatres, and sub run theatres, are movie theaters that show motion pictures for low prices often for as little as a dollar after the films leave first run theatres.… …   Wikipedia

  • Discount Home Shoppers' Club — Discount Home Shoppers Club, Inc. Founded 1997 Founder(s) Richard Burke Headquarters Englewood, Florida Key people Will Burke Website www.dhs club.com …   Wikipedia

  • discount — or discount rate [dis′kount΄; ] for v., also [ dis kount′] n. [< OFr desconter, to count off < ML discomputare: see DIS & COMPUTE] 1. a) a reduction from a usual or list price b) a deduction from a debt, allowed for paying promptly or in… …   English World dictionary

  • discount — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ big, deep (esp. AmE), generous, good, large, significant, steep (esp. AmE), substantial ▪ huge …   Collocations dictionary

  • time discount — a discount allowed for payment of an invoice or bill before it falls due. * * * time discount, an amount deducted from an invoice price for payment within a given time …   Useful english dictionary

  • time discount — a discount allowed for payment of an invoice or bill before it falls due. * * * …   Universalium

  • cash discount — cash′ dis′count n. bus discount allowed a buyer from the amount due if paid within a specified period • Etymology: 1915–20 …   From formal English to slang