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Definitions
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Webster
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Noah Webster's 1828 American Dictionary
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It is not only important, but, in a degree necessary, that the people of this country, should have an American Dictionary of the English language; for, although the body of the language is the same as in England, and it is desirable to perpetuate that sameness, yet some differences must exist. Language is the expression of ideas; and if the people of one country cannot preserve an identity of ideas, they cannot retain an identity of language. |
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1828 Definition
DISCOUNT, n. [See Count. Literally, a counting back or from.]
DISCOUNT, v.t.
DISCOUNT, v.i. To lend or make a practice of lending money, deducting the interest at the time of the loan. The banks discount for sixty or ninety days, sometimes for longer terms.
1913 Definition
To
deduct from an account, debt, charge, and the like; to make an
abatement of; as, merchants sometimes discount five or six per
cent for prompt payment of bills.
To lend money upon, deducting the discount
or allowance for interest; as, the banks discount notes and
bills of exchange.
Discount only unexceptionable paper. Walsh. To take into consideration beforehand; to
anticipate and form conclusions concerning (an event).
To leave out of account; to take no notice
of.
[R.]
Of the three opinions (I discount Brown's). Sir W. Hamilton. To
lend, or make a practice of lending, money, abating the discount; as,
the discount for sixty or ninety days.
A counting off or deduction made from a gross
sum on any account whatever; an allowance upon an account, debt,
demand, price asked, and the like; something taken or
deducted.
A deduction made for interest, in
advancing money upon, or purchasing, a bill or note not due; payment
in advance of interest upon money.
The rate of interest charged in
discounting.
At a discount, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated. -- Bank discount, a sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it become due. -- Discount broker, one who makes a business of discounting commercial paper; a bill broker. -- Discount day, a particular day of the week when a bank discounts bills. -- True discount, the interest which, added to a principal, will equal the face of a note when it becomes due. The principal yielding this interest is the present value of the note. | ||||||||
The idea for IP Street originated with Lee, a co-founder of the US's top ranked firm for patent quality, Lee & Hayes (Spokane, Seattle, Austin, Portland, Taipei, and Beijing). Lee became engrossed in the notion of mining IP data to plot business strategy when he was hired by an investment bank to predict the likely outcomes of the landmark NTP v. Research In Motion case. In the time since, he and his firm have come to represent six of the 10 largest patent filers in the United States, and Lee has become a recognized evangelist on the rise of intellectual assets in the U.S., China, and beyond. Lee gathered his colleagues at Lee & Hayes, some IP experts and others business strategists, raised funds, and went to work assembling the technologies and talent behind IP Street today.
