 | Henry Stanton Tiffany - Fire insurance - 1887 - 466 pages
...applied towards discharging the principal, and interest is to be computed on the balance. Discount. Discount is an allowance made for the payment of money before it becomes due, and is either the interest on the debt for the time, which is called true discount, or upon such a... | |
 | Edward Brooks - Arithmetic - 1877 - 564 pages
...10, $150. What was due April 1, 1871, at 8f»? Ans. $1255.81. TRUE DISCOUNT AND PRESENT WORTH. 647. Discount is an allowance made for the payment of money before it becomes due. 648. The Present Worth of a debt payable at a future time without interest, is such a sum as, beiug... | |
 | Edward Brooks - Arithmetic - 1877 - 438 pages
...Vermont, and New Hampshire rules, see Brooks's Higher Arithmetic. TRUE DISCOUNT AND PRESENT WORTH. 494. Discount is an allowance made for the payment of money before it becomes due. 495. The Present Worth of a debt payable at a future time without interest is such a sum as, being... | |
 | Edward Brooks - Arithmetic - 1877 - 444 pages
...Vermont, and New Hampshire rules, see Brooks's Hiyher Arithmetic. DISCOUNT AND PRESENT WORTH. 494. Discount is an allowance made for the payment of money before it becomes due. 495. The Present Worth of a debt payable at a future time without interest is such a sum as, being... | |
 | Edward Brooks - Arithmetic - 1877 - 232 pages
...Vermont, and New Hampshire rules, see Srooks's Higher Arithmetic. TRUE DISCOUNT AND PRESENT WORTH. 494. Discount is an allowance made for the payment of money before it becomes due. 495. The Present Worth of a debt payable at a future time without interest is such a sum as, being... | |
 | 1877 - 188 pages
...simple interest to become £1,100 in б years ? (В.Л. 1863.) DISCOUNT. 159. Discount is the abatement made for the payment of money before it becomes due. The present value of any debt due some time hence, is such a sum as being put out to interest for that time will... | |
 | 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 - Algebra - 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
...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... | |
 | Education - 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... | |
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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. 
