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To deduct or subtract from a cost or price.
(verb-transitive)
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To purchase or sell (a bill, note, or other commercial paper) at a reduction equal to the amount of interest that will accumulate before it matures.
(verb-transitive)
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To lend money on (a commercial paper not immediately payable) after deducting the interest.
(verb-transitive)
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To sell or offer for sale at a reduced price.
(verb-transitive)
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To reduce in quantity or value.
(verb-transitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.