 | Millard R. Powers - 1877 - 166 pages
...note to A ? Ans. $8GOO. Discount. Discount is a deduction made for the payment of money before it is due; and is either the interest on the debt for the time, or upon such a sum as will amount to the debt at the expiration of the time; the former is called Bank... | |
 | Robert Johnston (F.R.G.S.) - 1879 - 320 pages
...at 4. per cent, in 3j years ? Tty v. ,P Ъ„У. rí,.1- 10° x £370 10'- £37050 DISCOUNT. 140» DISCOUNT is an allowance made for the payment of money before it becomes due. If I owe my friend £105, which I am to pay him at the end of a year ; he cannot expect me to pay before... | |
 | James Bates Thomson - 1880 - 324 pages
...Thefinrtterm. p=_iL_. The number of term«, * = . log. (i+r) The ratio, r = ( - J" — I. DISCOUNT. 484. Discount is an allowance made for the payment of money before it is due. 485. The Present Worth of a debt payable at a future time is the sum which, if put at legal... | |
 | Alexander Kennedy Isbister - 1882 - 190 pages
...Required the amount of .€240, 15s. for 3 years, 6 weeks, and 4 days, at 2 J per cent, per annum ? DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. Thus, if a person passed me a bill for .£105, to be paid at the end of a year, and I wished... | |
 | 1885 - 420 pages
...interest, principal is the sum loaned, on which the interest is calculated. Usury is unlawful interest. Discount is an allowance made for the payment of money before it is due; or, the amount the market value is below the par value. 2. The ratio of two numbers is the... | |
 | William A. Campbell - 1887 - 224 pages
...times. Indorsements are the receipts for payments written by the creditor upon the back of the note. Discount is an allowance made for the payment of money before it is due. The Face of a note is the sum named in it. The Present Worth of a note or debt payable at a... | |
 | Eugene L. Dubbs - 1893 - 238 pages
...2 yr. 8 mo. at 6% is $480, and A's money is 2-J- times В's. How much has each? DISCOUNT. LESSON I. DISCOUNT is an allowance made for the payment of money before it becomes due. The present worth of a deb't payable at a future time, t, is the sum of money which; -eb~tt- given... | |
 | Edward Brooks - 1895 - 198 pages
...at the same rate it is $5310; required the principal and the rate. DISCOUNT AND PRESENT WORTH. 473. Discount is an allowance made for the payment of money before it becomes due. 474. The Present Worth of a debt payable at a future time without interest is such a sum as, being... | |
 | George Albert Wentworth - 1898 - 424 pages
...into how many equal parts a unit is divided. Difference. The number found by subtraction. Discount. An allowance made for the payment of money before it becomes due. Also, the difference between the market value and the face value when the market value is below the... | |
 | George Albert Wentworth - 1898 - 424 pages
...into how many equal parts a unit is divided. Difference. The number found by subtraction. Discount. An allowance made for the payment of money before it becomes due. Also, the difference between the market value and the face value when the market value is below the... | |
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DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, if put at interest for the given time, amount to the debt. 
