Definition of "discounting" []

• Present participle of discount. (verb)

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• "He may "expect" that his income two years hence will be that of a Harvard MBA, but his "expected" income, even allowing for two years of discounting, is clearly less."
• "To the extent that discounting is appropriate, it is appropriate to discount at the real rate, both for the reasons Arnold states, and because the only opportunity cost of the money is prepaying debt; none of the other government expenditures contemplated are going to increase national income the way private investments do."
• "So I believe your argument on the extent of Stern's lack of discounting is overdone, even though I think you are right to be skeptical about the value of huge investments on climate change."